RIO DE JANEIRO, BRAZIL - Brazil is on the verge of power rationing and major blackouts, and will need to rely heavily on the import of energy from Uruguay and Argentina over the next month until the rainy season begins and reservoirs refill.
This is likely to overburden the whole continent, as countries like Chile also expect to rely on Argentine gas to cope with their own water crisis.
South America, in many ways, has been at an advantage when it comes to the energy transition. Brazil has relied on hydroelectric power plants for decades and would typically use the source . . .