Argentina is often cited as the likely candidate for the next big shale boom, and Vaca Muerta is often described as having the potential to be South America’s Permian basin. Argentina’s shale oil drillers are facing a huge challenge as covid-19 lockdowns and ultra-low oil prices have made the Vaca Muerta shale patch uneconomical. Oil worker unions and governors from oil provinces put intense pressure on the national government to prop up the industry. Holding some of the largest shale oil and gas reserves in the world, Argentina is often cited as the likely candidate for the next big shale boom, and Vaca Muerta is often described as having the potential to be South America’s Permian basin. But already wounded, the global coronavirus pandemic and the ensuing oil market meltdown could lead the “Dead Cow to slaughter,” according to a new report. On its own, Vaca Muerta has consistently […]