What is the primary source of fuel in South America? Coal petroleum timber iron-ore

Petroleum is the primary source of fuel in South America, with major oil-producing countries like Venezuela and Brazil leading the charge. Venezuela, in particular, has one of the largest proven oil reserves in the world, making it a significant player on the global stage. The country’s economy heavily relies on oil exports, which can lead to economic fluctuations based on global oil prices. In addition to petroleum, South American countries are also tapping into renewable energy sources like hydroelectric power, thanks to their numerous rivers and favorable climate conditions. Brazil, for instance, harnesses the power of the Amazon and has developed a robust hydroelectric system that provides a significant portion of its energy needs while also looking to reduce reliance on fossil fuels for a more sustainable future.