Latin American countries such as Mexico and Brazil have been identified as prime locations for the expansion of oil for some reasons. One of the reasons is that by 2025 the world will be requiring double the number of oil barrels it is using now and the already existing supply countries will not be able to sustain this. Investing in other prime areas like the Latin American countries is the left option (Whelan, Trevisani P., and Olson 2018). A second reason is that a country like Mexico offers cheaper opportunities as compared to the United States shale regions. The cost of entry into the Latin American countries is also low making many investors to identify the area as a prime location for the oil market expansion.
Oil companies are taking some several gambles and risks by deciding to expand into both Brazi
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