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Argentina with 'Vaca Muerta' won the 'geological lottery': 305 meters-thick shale oil and gas

Friday, May 23rd 2014 - 23:50 UTC
Full article 10 comments

Argentina has won the “geological lottery” with its 305 meters-thick Vaca Muerta shale oil and gas field in Patagonia, a spokesman for Chevron said on Thursday, as the U.S. energy giant increases its investments in the country. The company and state-owned oil firm YPF announced plans last month to invest an additional 1.6 billion to develop Vaca Muerta. Read full article


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  • Marcos Alejandro

    “There is already an established oil industry in the region where the shale is. You've got service companies, you've got pipelines and infrastructure,”

    Say no more.

    May 24th, 2014 - 12:18 am - Link - Report abuse 0
  • golfcronie

    I am sooo glad for you, he has undoubtably been misquoted or paid to say that. He obviously wants more Major oil companies to share the burden of dealing with the shit government you have. Bet the FALKLANDERS get the oil before you do. I understand that they are sidetracking and going to bleed VACA MUERTA dry.

    May 24th, 2014 - 07:14 am - Link - Report abuse 0
  • yankeeboy

    All that oil underground and nobody drilling.
    I wonder why?

    May 24th, 2014 - 01:43 pm - Link - Report abuse 0
  • ChrisR

    If it's that good and they have all those wells in the area where the fuck is all the oil and gas then?


    HA, HA, HA.

    May 24th, 2014 - 04:45 pm - Link - Report abuse 0
  • Mr Ed

    But they've lost the political 'lottery' where they choose the result (thanks to the British Task Force in 1982) since they keep voting for kleptocrats, so no matter what the resources are, any attempt to use them will simply result in the productive types getting robbed or extorted. What a terrible curse.

    May 24th, 2014 - 08:14 pm - Link - Report abuse 0
  • tRoll_with_the_Punches


    The British task force that gave democracy to Argentina existed because Argentine kept you fed 40 years prior to that for you to build it.

    So in a sense, we gave democracy to ourselves.

    I mean if you want to stretch history like that, then it cuts both ways.

    To state the Task Force brought elections to Argentina is a disgusting insult that is typical of the British. To spit on many Argentines who died during that time and who ultimately brought the military to take desperate measures. The Falklands Invasion was not what caused the fall of the junta, it was the FALLING Junta that caused the war, to prevent the writing on the wall!!!

    But you cannot comprehend that given your blind British jingoism. The British jump out of their seats to take credit for all the “good” in the word they claim to trace to their actions, but completely and uncouthly dismiss all the bad... from Palestine to the Partition of India, to Africa... all the ills occurring in those places now are the British fault, but that you won't take credit for eh?

    May 24th, 2014 - 11:00 pm - Link - Report abuse 0
  • ricagp

    May 25th, 2014 - 02:12 am - Link - Report abuse 0
  • ilsen

    Two points;
    1) Can they actually get it out of the ground indepently?
    2) Who will invest given past performance?

    Please stop banging on about ancient history. What are YOU doing to make a brighter future for Argentina?
    .I'm waiting.
    What are you doing?

    May 25th, 2014 - 06:20 am - Link - Report abuse 0
  • Conqueror

    @6 You continue to be hilarious. Are you actually old enough to remember the crowds in the streets? Here's one.
    On the other hand, there's

    And that's your idea of democracy?

    Oh yes, and we take credit where it's due. WE won WW2. Not the Russians, who kept whining for more supplies via the Arctic convoys and for a “Second Front”. And what were the Russians really doing? They were grabbing countries for themselves. Estonia, Latvia, Lithuania, Poland, Czechoslovakia, Hungary and more. What did the Brits and yanks do? They gave the countries they crossed back to the people of those countries. And the yanks didn't win the war either. They only turned up after THREE years. Then they had to be taught how to fight. No yanks could do anything without their chewing gum, comics and ice cream. And where were the argies? Cowering and sucking up to Hitler. And who used the war to try to steal British territory? And who gave all the Nazi war criminals sanctuary? Interesting to see the difference. The Brits gave the Jewish people their homeland back. Argies protected murderers and war criminals. Typical argies. Cowards, thieves and murderers. We can also see the total lack of morals. Palestine? No such country. Palestinians? No such people. Just thieving arabs. They must really chime with argies. Here's some TRUTH. The illegitimate argie “claim” to the Falkland Islands is based on a few weeks (at best) “occupation”. The period between Mestivier landing to establish a penal colony and the day he was murdered. 10 October 1832 to 30 November 1832. Seven weeks. Doesn't really compare to the 86 years Britain had already been there. Point your finger where it should be pointed. At the genocides, the murderers, the rapists, the thieves, the liars, the deviants, the degenerates. The argies.

    May 25th, 2014 - 09:36 am - Link - Report abuse 0
  • reality check

    Now all they need to do is win a lottery to get it out of the ground.

    May 25th, 2014 - 08:10 pm - Link - Report abuse 0

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