The Tico Times quotes Adrienne Arsht Center Deputy Director Jason Marczak on the Venezuelan oil financing program Petrocaribe:
Yet Petrocaribe’s largesse cannot continue forever, suggested Jason Marczak, deputy director of the Atlantic Council’s Adrienne Arsht Latin America Center.
“What happens to the 17 countries who are members of this program if Caracas pulls back the generous credit subsidies it gives members to help them import its crude oil products?” Marczak asked. “This is a not-so-distant possibility given Venezuela’s economic situation and slowing oil production, but it’s one Caracas would certainly like to avoid. This has all the makings of an energy crisis brewing off our shores.”