This edited volume examines whether the unexpected decline in the price of oil had a positive or negative impact on the world economy. Bringing in academics, business-leaders and policy-makers from around the globe, authors shed light on the changing international political economy after the fall.

This edited volume examines the impacts of the 2014-2015 decline in the price of oil. Participants will examine the economic, social and political consequences on states and regions, along with their responses. The following questions will be examined: what were the impacts for countries experiencing an energy revolution in shale and gas like the United States and Canada? What were the repercussions of the collapse on other states of the Western hemisphere dependent on oil for growth and development; countries like Colombia, Venezuela and Mexico? Were these outcomes similar to those experiences in other parts of world like Nigeria, Russia and other petro-producing countries? How do developing countries intend to cope with such drastic and sudden exogenous economic shock? Will there be any benefits for energy poor, consumer countries like China, India and European Union member states? Related to these issues are sustainable developmental questions and concerns about the environment. Will cheap oil force other alternative and renewable energy technologies out of the market given lack of competitiveness? Finally, the volume’s chapters will discuss prospects for governance in the new oil environment.

Chapter 1 - Caribbean Energy Outlook – Anthony Bryan

Chapter 2 - Transitioning to Clean Energy in Central America - Christian Gomez

Chapter 3 - Will Argentina Go The Way of Venezuela? How Energy Profits Pose a Risk to Argentine Democracy - Gonzalo Molina

Chapter 4 - Commodity crisis in Colombia: A Reform Catalyst for an Exhausted Development -Model Andres Cala

Chapter 5 - After the Fall of Petrobras: Too Big to Fail ? Energy Policy in Brazil Afterwards - Marcelo Zorovich

Chapter 6 - Sustainable agriculture landscapes for production of biofuels in Brazil - José Maria Cardoso da Silvaa and Luis Cláudio Fernandes Barbosa

Chapter 7 - The European Union and Climate Change - The Post-COP21 World - Maxime Larive

Chapter 8 - China’s Activities in the Petroleum, Renewable Energy, and Transmission Sectors of Latin America and the Caribbean - R. Evan Ellis

Chapter 9 - Chinese Oil Investments in Peru and Ecuador : Social Responsibility, Host Government Regulations and Host Civil Society - Wenyan Wu

Chapter 10 - The Fall of Energy Prices and Aggressive Foreign Policy the Case of Russia: Dina Moulioukova

Chapter 11 - Oil, political stability and the Middle East - Herbert Reginbogin

Chapter 12 - Sectarianism, Shale and Market-Share: Saudi Arabia and the American Challenge: Bradford McGuinn

Chapter 13 - Opposing Extractivism: Social Movements for Rights and Sustainability: Laura Carlsen

Chapter 14 - The BRICS Bank and Systemic Transformation in Energy: Hanna Samir Kassab