Three things to know about the impact of low oil prices on Latin America (Harold Trinkunas, Brookings)

Latin America contains some of the world’s largest reserves of oil, and key states supply an important part of the global oil market. Crude oil prices have fallen dramatically over the past two years—from over $100 per barrel to less than $30. That has focused attention on the hardest-hit large producers, such as Colombia, Ecuador, Mexico, and Venezuela, where the economic, social, and even political consequences are most dramatic.

http://www.brookings.edu/blogs/order-from-chaos/posts/2016/02/17-low-oil-prices-latin-america-trinkunas