US military sees oil nationalism spectre

Future supplies of oil from Latin America are at risk because of the spread of resource nationalism, a study by the US military that reflects growing concerns in the US administration over energy security has found.

An internal report prepared by the US military’s Southern Command and obtained by the Financial Times follows a recent US congressional investigation that warned of the US’s vulnerability to Venezuelan President Hugo Ch
The Southern Command analysis cautions that the extension of state control over energy production in several countries is deterring investment essential to increase and sustain oil output in the long term.

That the US Southern Command, which oversees military relations with Latin America, has embarked on a detailed study of the subject underscores the view that energy has become a key facet of US national security.

Financial Times