Oilprice.com quotes Adrienne Arsht Latin America Center Director Peter Schechter and Adrienne Arsht Center Nonresident Senior Fellow David Goldwyn on Venezuela and the Caribbean Energy Security Summit cohosted by the Atlantic Council:

“It’s absolutely the case that the economic situation has deteriorated for Venezuela and therefore the risk has gone up for all of these countries,” said David Goldwyn , a former State Department special and Nonresident Senior Fellow  at The Atlantic Council, which co-hosted the energy summit.

Enter the United States. While the U.S. announced the Caribbean Energy Security Initiative back in June 2014, American officials are putting much greater weight  on it now that oil prices have collapsed. “I just don’t think it’s going to be around much longer, or at least not in its full form,” said Peter Schechter, director of the Atlantic Council’s Latin America Center. “We don’t want our closest neighbors in the Caribbean to suddenly be surprised by a situation in which Venezuela is suddenly unable to provide oil,” he said.

Read the full article here.

Related Experts: David L. Goldwyn and Peter Schechter