Argentina's Shale Boom Faces Challenges
Argentina's energy outlook is now tied to President Javier Milei's political survival, with the US propping up the peso.
After years of currency chaos and regulatory issues, President Milei aims to turn Argentina into a regional energy powerhouse.
- Deregulation has freed up oil exports
- Attracted foreign capital
- Revived activity in Vaca Muerta, a major shale formation
However, the path to energy independence is fragile due to:
- Falling oil prices
- Rising costs
- Unfinished infrastructure
The peso's stability now depends on unprecedented US support
Natalia Katona, a freelance commodity analyst, notes the challenges facing Argentina's energy sector.
Author's summary: Argentina's shale boom is threatened by old challenges.
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