Investing in Energy: A Primer on the Economics of the Energy Industry

Concluding Thoughts

When comparing bid rounds and energy policy across the globe, Venezuela is at the extreme when compared to Norway or Brazil. Norway and Brazil are at the forefront of attracting outside investment. Other smaller countries such as Colombia and Peru have some of the most progressive energy frameworks in the Americas. Colombia and Peru each have more than 60 concessions in operation. The smaller countries and larger countries discussed here are excellent examples of the benefits of greater market participation. Undoubtedly, government policy matters. Energy frameworks can either attract investment opportunities or discourage them. We reviewed some excellent examples of progressive energy frameworks and reviewed instances of more ...