Abstract
Even though oil continues leading energy discussions worldwide the share of natural gas in total energy is expected to equal that of oil by 2030. The United States (US) has played a key role in that transition: in the last two decades a qualitative technological leap forward has driven this country to an energy revival through the exploration and production of unconventional gas and oil.Since its independence Latin America has been considered theUnited States‘ backyard with notorious emphasis in Central American andCaribbeancountries. However, the increasing energy potential that others Latin American countries like Argentina and Brazil have turned to posses in the unconventional hydrocarbons industry have led to a renewed interest in the region beyond its traditional partners. The aim of this paper is to explore what could be the interest for theUSin shale developments inSouth America; which are the countries with more potential in developing shale gas industries based on their reserves and above ground factors; and which is the current state of the foreseen South American shale revolution.
Highlights
The aim of this paper is to explore what could be the interest for the United States of America (US) in shale developments in South America; which are the countries with more potential in developing shale gas industries based on their reserves and above ground factors; and which is the current state of the foreseen South American shale revolution
ENERGY, A MATTER OF NATIONAL SECURITY According to Buzan, Waever and De Wilde (1998) security refers to the survival of a designated referent object which has been presented as existentially threatened
Even though oil continues leading energy discussions worldwide the share of natural gas in total energy is expected to equal that of oil by 2030 (BP, 2013, p. 18)
Summary
ENERGY, A MATTER OF NATIONAL SECURITY According to Buzan, Waever and De Wilde (1998) security refers to the survival of a designated referent object which has been presented as existentially threatened In this sense, whether there is or not agreement on the validity of the securitization of energy, the issue has occupied a significant position as a matter of national security in most governmental agendas since 1973, when the first international oil crisis took place. The US played a key role in that transition: in the last two decades a qualitative technological leap forward has driven the US to an energy revival through the exploration and production of unconventional gas and oil; a period generally defined as the shale revolution. The increasing energy potential that others Latin American countries, like Argentina and Brazil, have turned to posses in the last decade has led to a renewed interest in the region beyond its traditional partners
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