SUSTAINABLE ENERGY IN LATIN AMERICA CARIBBEAN

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SUSTAINABLE ENERGY IN LATIN AMERICA CARIBBEAN ( sustainable-energy-in-latin-america-caribbean )

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Table 2. Statistics for oil production and reserves/production rate in years - Latin America and the Caribbean 1986 1996 2005 2006 World Country Gb Gb Gb Gb Share R/P Argentina Brazil Colombia Ecuador Mexico Peru Trinidad and Tobago Venezuela Other LAC 2 233 2 358 1 700 1 235 54 880 0 536 0 564 55 521 0 455 119 482 2 600 6 681 2 798 3 453 48 472 0 774 0 723 72,667 1 109 139 276 1 972 11 772 1 453 4 866 13 670 1 078 0 809 80 012 1 269 116 902 1 972 12 182 1 506 4 664 12 908 1 078 0 809 80 012 1 270 116 401 0 14% 0 89% 0 11% 0 34% 0 94% 0 08% 0 06% 5 83% 0 09% 8 48% 7 55 18 45 7 39 23 45 9 60 25 56 12 77 77 62 24 91 41 21 Source: BP Annual Report 2007 average 250 kgoe. Traditional biomass and waste account for 10.6 percent of total global primary energy supply. In low-income countries, such sources repre- sent, on average, 49.4 percent of the supply, with some countries approaching 90 percent. Energy consumption depends primarily on population growth rate and per- capita income increase. According to FAO, human population will keep growing, in spite of its progressively declining annual rates, until 2050, when it will suppos- edly stabilize, and then decrease toward the end of the century. On the econom- ic field, the world is experiencing an unprecedented period of steady high eco- nomic progress, especially in developing countries. Table 2 presents the statistics for LAC’s oil production and reserves. A GLOBAL AND REGIONAL OVERVIEW OF THE ENERGY SITUATION 23

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