Argentina Hopes for a Big Payoff in Its Shale Oil Field Discovery

New York Times: Just east of Argentina’s Andean foothills, an oil field called the Vaca Muerta — “dead cow” in English — has finally come to life. In May, the Argentine oil company YPF announced that it had found 150 million barrels of oil in the Patagonian field, and President Cristina Fernández de Kirchner rushed onto national television to praise the discovery as something that could give new impetus to the country’s long-stagnant economy. “The importance of this discovery goes well beyond the volume,” said......

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