On Wednesday, February 4th 2015, the American Security Project hosted a half-day conference examining energy security in the Caribbean. Nearly 100 experts from academia, International Financial Institutions, the US government, and private corporations attended the conference.
Recent events in the global energy market have combined to create a unique opportunity for the islands of the Caribbean. The significant drop in the price of oil, the energy revolution in the United States, which has led to a boom in natural gas production, and the warming of US-Cuba relations has led to renewed efforts from public and private corporations to invest in new and innovative energy technologies the Caribbean. This shift to the Caribbean regarding energy security was highlighted in US Vice President Joe Biden’s speech on the Caribbean Energy Security Initiative (CESI) at the US Department of State on January 26th, where multiple Caribbean heads of state and high-ranking delegates were present. The theme was clear: the islands of the Caribbean have been presented an opportunity to enhance their energy security, and the US will help them make it happen.
Video and audio is available through the report and on our website. ASP intends to further examine the options for improving energy security throughout the islands.