Bolivia’s Energy Crisis Deepens as Natural Gas Reserves Run Dry
Years of underinvestment in Bolivia’s gas industry have left the South American country facing a severe fuel shortage, as energy prices rise ever higher owing to the ongoing war in Iran. The energy shortages and economic crisis follow years of poor decision-making by the government. In 2006, then-pr
Source: OilPrice.com
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DW NOTE
Bolivia built its fiscal model on gas exports that peaked in 2014 at 20.7 trillion cubic feet. The reserves are now effectively depleted, and the country that once supplied 30% of Brazil's natural gas now imports fuel to keep the lights on. This isn't a temporary disruption — it's what happens when you mistake a commodity windfall for a permanent revenue stream.