Argentina Is In Desperate Need Of An Oil Boom

The administration of Argentina’s President Alberto Fernández is growing increasingly desperate to restart the burgeoning oil boom which was underway before the COVID-19 pandemic hit. Argentina has been one of the worst affected countries in South America, despite moving early and decisively to curb the spread of the virus through a nationwide lockdown. This is because the Latin American country was already facing a major economic crisis, sky-high inflation, and fiscal weakness. Many of the pro-business reforms undertaken by Fernández’s…