Matias Kulfas Argentina’s government is pushing for long-term oil price controls as the South American nation runs out of time to unearth a shale trove in Patagonia. The idea of setting a ceiling and floor on domestic crude prices is being written into draft legislation aimed at spurring oil-and-gas investments, Production Minister Matias Kulfas said in a Thursday interview. A cap would prevent bull runs in oil markets from triggering a surge in fuel prices. And — crucially for Argentina’s shale ambitions — a floor would discourage major oil companies from pulling out of a marginal asset like the burgeoning Vaca Muerta if markets collapse. “What we want structurally is a solution that foresees the problems of volatility,” Kulfas said. The administration of President Alberto Fernandez is in the midst of drafting the bill, which will be sent to congress this year for debate among lawmakers. Enacting controls by […]