Argentina has the second largest shale gas reserves in the world; with a new president having to face the dark clouds of rampant inflation and economic chaos, could their natural gas be the silver lining they are looking for?
Argentina’s President-elect, Javier Milei, a free-market economist and libertarian, has a herculean task in front of him—inflation over 100%, poverty rate at 40%, multiple defaults of international loans, projected economic contraction over the next 2 years. In addition to these burdens to overcome, the presidential palace seems to have a revolving door with 3X the number of presidents as the US in 34 less years of nationhood.
Indeed, the cards are stacked against any president. But the “Land of Silver” (Latin argentum), may have a silver lining in its natural gas industry?
Energy News Beat