The United States continues to be a source of innovation and transformation in the energy sector. A long-standing producer that, just 10 years ago, seemed destined to continue importing increasing quantities of energy has, with the shale revolution, become one of the world’s main producers of fossil fuels, with implications that are not only energy-related but also geopolitical.
As well as its leading role in hydrocarbon production and consumption, the USA is a powerhouse of creativity and technology, able to develop crucial innovations and turn energy and regulatory paradigms on their heads. This can be seen, for example, in the development and expansion of renewable energy, particularly in areas such as California. Latin America also offers major development opportunities in the sector. Consider, for example, the reserves in Brazil and Venezuela, and the new exploration opportunities that have emerged in Guyana in recent years. This wealth of conventional resources and renewables opportunities requires a modern approach to policy-making and actions, such as Mexico’s recent reopening to international companies.