Colombia's Oil Industry Stuck in Death Spiral
Colombia's Oil Industry Stuck in Death Spiral
Colombia's oil industry is in a state of decline due to government policies, lack of investment, and declining reserves, raising concerns about the country's energy future.
Which part is the death spiral?
No new oil reserves? Or the lack in investment in existing reserves? Or climate change impacting their dam infrastructure investments?
3 nested death spirals. Or at least 2. Hydro should recover, at least temporarily, outside of El Nino.
The article doesn't waate time on talking about what the govt might be doing instead...to...you know... transition away from oil & ng over the next 25y. They certainly won't be slapping 100% tarrifs on super cheap Chinese EVs. Now even cheaper since they can't be dumped in Europe & NA.