Can Argentina Revitalize Its Oil Industry?

When Alberto Fernandez, Argentina’s new left-leaning president, entered into office December 10 the international markets were anxious to see whether the post-Macri era would result in an energy policy reversal, a switch back to the traditional Peronist line. Endowed with the second-largest shale gas and fourth-largest shale oil resources in the world, Argentina has struggled to realize the full potential of its non-conventional deposits. Without a doubt, 10 years ago there was no Vaca Muerta production whatsoever and yes, Argentina leads…