Prospects for the Oil-Importing Countries of the Caribbean

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14 Gawell, Karl, and Griffin Greenberg. “2007 Interim Report: Update on World Geothermal Development.” May 1, 2007. Geo-thermal Energy Association Website (www.geo- energy.org) . 15 CARICOM Website (www.caricom.org/jsp/projects/credp.jsp) . 16 Dussan, p. 17. 17 Business News Americas. “CAF Open to Petrocaribe Financing.” December 12, 2006. Website: http://www.bnamericas.com/story.jsp?sector=9&idioma=I¬icia=375606. . 18 Ruiz-Caro, Ariela. “Cooperación y integración energética en América Latina y el Caribe.” CEPAL. April 2006, page 28. 19 Garten Rothkopf. “A Blueprint for Green Energy in the Americas: Strategic Analysis of Opportunities for Brazil and the Hemisphere. Featuring: The Global Biofuels Outlook 2007.” 2007. 20 The 2005 law is called the Law of Incentives for the Development of Renewable Energy Sources and Their Special Regimens. 21 “Study Determines Dominicans Could Produce Biodiesel.” Dominican Today 12 October 2006, 31 May 2007 http://www.dominicantoday.com/app/article.aspx?id=18558. 22 Garten Rothkopf, p. 145. 23 Table 2 uses the estimates provided in an IDB study for gasoline, ethanol, diesel, and biodiesel consumption. These estimates remain flat during the period but assume that biofuels will make up increasing proportions of gasoline and diesel, up to 22 percent and 20 percent for ethanol and diesel, respectively. These estimates are high considering Brazil – the leader in the industry – only consumes between 20 and 25 percent of these fuels as biofuels. Notwithstanding these high estimates, biofuels make up only 6 percent of total imports of hydrocarbons. These predictions offered by OLADE include oil, natural gas, and their products (liquid natural gas, gasoline/alcohol, kerosene, diesel oil, and fuel oil). 24 Jank, Marcos S. “Potential Supply and Demand for Biofuels in the Coming Decade: Towards a US-Brazil Partnership.” Presented at the Woodrow Wilson Center on 20 February 2007. Website: http://www.wilsoncenter.org/topics/docs/WWC%20Jank%2022fev%2007.pdf. . 20

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