Can Latin America Fill The Global Oil Supply Gap?

President Vladmir Putin’s decision to invade Ukraine coupled with ever-stricter sanctions being imposed on Russia, existing supply constraints and growing post-pandemic saw crude oil prices soar to record highs. The latest geopolitical events coupled with Europe’s energy crisis as well as key dependence on Russian oil and natural gas imports has Washington seeking alternate sources of crude oil. Pressure to find alternate sources of supply is magnified by the White House’s ban on Russian oil imports.In what could be construed…