The West’s ban on Russian oil imports in response to Putin’s aggression in Ukraine has sent energy prices soaring. Argentina’s Vaca Muerte shale patch may emerge as a major story in the world’s push to cut Russian oil products. Rising investment, improved drilling techniques, and the building out of critical infrastructure in the Vaca Muerta will cause breakeven prices to fall. The U.S., UK, and European Union’s ban on Russian oil imports sparked by President Vladimir Putin’s invasion of Ukraine has sent global energy prices soaring. The international Brent benchmark has gained a whopping 64% since the start of 2022 while natural gas had surged by a stunning 105%, which has been a boon for a global oil industry beaten down by a prolonged seven-year price slump. There are signs that significantly higher energy prices are here to stay benefiting drillers and hydrocarbon-producing nations alike. This bodes extremely well […]