The International Energy Agency says the world will be turning more to Latin America for oil:
Saudi Arabia and a handful of other mostly Middle Eastern countries with excess production capacity will have to supply more oil, but global markets will need to rely increasingly on producers outside the Organization of the Petroleum Exporting Countries. With production declining in Mexico and the North Sea, the energy agency suggested that Canada, Brazil, the United States and Colombia would need to take up the slack.
Coincidentally, I was just discussing Colombia in my summer Latin American politics course and showed this graph. Colombia is in a very good position to take advantage of this development.