Latin America countries boast vast resources to achieve energy security and lead in the energy transition, but will policies, markets and investment align to deliver that potential? Many countries have the potential to provide incremental barrels to global markets to replace natural decline rates. The region competes to offer among the world’s best solar and wind resources, the potential to produce green hydrogen and critical minerals like lithium and copper. Can Latin American countries create the political stability and policy clarity to leverage private investment? Will prospects for nearshoring deliver new pathways for growth?