Pipeline Rigs U.S. shale oil companies are filing for bankruptcy at an alarming rate, whereas, their counterparts in Argentina are having a gala time. When the U.S. shale oil drillers were struggling to earn $39 per barrel of oil, Argentina was offering $67.5 per barrel to their producers. Due to the oil price crash, the world’s capital spending in oil and gas has reduced by approximately 20 percent in 2015. By comparison, U.S. oil and gas companies have reduced spending by 40 percent last year, according to Moody’s Investors Service . On the other hand, Argentina’s state-run oil company YPF increased spending by only 4 percent during the same period. Is this model of regulated oil prices in Argentina replicable in the U.S.? Though this seems to be a good solution, this is not sustainable or beneficial in the long-term. Related: Wells Fargo Reduces 66% of Credit Lines to […]