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Shale Resources Key To Deciding Argentina’s Future

By Gonzalo Molina

Argentina once led the Americas in wealth creation, but today the Argentine government is in default and doing everything it can to attract foreign capital. The Kirchner administration has imposed overbearing trade restrictions, allowed inflation to escalate, and defaulted on Argentina's sovereign debt, making foreign firms wary of Argentine promises.

But the winner of the 2015 Presidential election can change all that. He will have one chance to restore Argentina to its former glory – by taking advantage of the Neuquén basin's Vaca Muerta shale oil and gas reserves.

Argentina's top three presidential contenders – Sergio Massa, Mauricio Macri, and Daniel Scioli – have criticized President Kirchner's economic model and promised to develop Vaca Muerta for Argentina's strategic benefit.

read the full article here:  http://oilprice.com/Energy/Energy-General/Shale-Resources-Key-To-Deciding-Argentinas-Future.html