Oil and Politics in Latin America

The article discusses an oil boom in Oiapoque, a small town in Brazil's northernmost tip where the Amazon meets the Atlantic. Despite Brazil's green credentials, the country is pursuing oil riches, with signs of transformation visible in the town, including new hotels and infrastructure development. The article highlights the contrast between the town's sleepy atmosphere and the growing signs of oil exploration.

The article discusses the current state of Venezuela under the presidency of Nicolás Maduro, who has ordered Christmas festivities to start early in an attempt to distract citizens from their grim reality. Venezuelans are growing tired of hope as Maduro digs in against US pressure. The article highlights the surreal atmosphere in Caracas, where state-owned firms are forced to participate in the festivities, and notes that Maduro's regime relies heavily on oil exports, which could be devastated by a US oil blockade.

The article discusses the potential implications of José Antonio Kast's victory in Chile, with correspondent Kinley Salmon wondering if it signals a clear shift to the right in the country. The article is part of The Economist's El Boletín newsletter and touches on other regional news, including Venezuela, Canada, Argentina, Brazil, and Mexico.