Argentina’s Shale Boom Goes Global

Argentina’s shale province has been touted for years as the next Permian that would make the South American country a net exporter of energy after decades of import dependence.   The Vaca Muerta shale basin is estimated to be the world’s second-largest shale gas deposit and the fourth-biggest resource of shale oil. However, Argentina’s perennial economic crisis and capital and currency controls in the past decade have deterred major investments in the top shale region. The election of the new libertarian and business-friendly…