The Recording Industry Association ofAmerica reports that Latinmusic sales in the U.S. grew 12%, to 50 million units last year, compared with 6% for the business as a whole.
That entails a loss of US jobs, loss of US economic momentum and ultimately, a reduced American stake in global hydrocarbon fundamentals: Music to the ears of conventional gas players in Russia, Central Asia, the Middle East and LatinAmerica.