article thumbnail

$67 Oil Has All The Majors Converging in Argentina

Green Car Congress

Argentina offers one of the few places on earth where oil companies are not suffering from the full force of the collapse in prices. Argentina regulates oil prices, a policy originally intended to insulate the public from the whims of the market, protecting people from triple-digit crude prices.

Argentina 150
article thumbnail

Opinion: Can Argentina Capitalize On Its Vast Shale Reserves?

Green Car Congress

The question today is just how much Argentina is willing to change and how this plays into a low oil price environment that is already negatively impacting investment elsewhere. Argentina’s shale fields are currently producing 41,000 barrels of oil equivalent per day from 320 wells. Oil prices are set at $77.50

Argentina 150