{"id":50175,"date":"2019-12-17T12:04:14","date_gmt":"2019-12-17T17:04:14","guid":{"rendered":"https:\/\/olduvai.ca\/?p=50175"},"modified":"2019-12-17T12:04:25","modified_gmt":"2019-12-17T17:04:25","slug":"argentina-wants-a-fracking-boom-the-us-offers-a-cautionary-tale","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=50175","title":{"rendered":"Argentina Wants a Fracking Boom. The US Offers a Cautionary Tale"},"content":{"rendered":"\n

Argentina Wants a Fracking Boom. The US Offers a Cautionary Tale\u00a0<\/a><\/h3>\n\n\n\n
\"YPF<\/figure>\n\n\n\n

Argentina\u2019s President Alberto Fernandez takes office in the midst of an economic crisis. Like his predecessor, he has made fracking a centerpiece of the country\u2019s economic revival.<\/p>\n\n\n\n

Argentina has some of the largest natural gas and oil reserves in the world and \u201cpossibly the most prospective outside of North America,\u201d according to the U.S. Energy Information Administration<\/a>. If some other country is going to successfully replicate the U.S. shale revolution, most experts put Argentina pretty high on that list. While the U.S. shale industry is showing its age, Argentina\u2019s Vaca Muerta shale is in its early stages, with only 4 percent<\/a> of the acreage developed thus far.<\/p>\n\n\n\n

The country feels a sense of urgency. Declining conventional production from older oil and gas fields has meant that Argentina has become a net importer of fuels over the past decade. Meanwhile, Argentina\u2019s economy has deteriorated badly due to a toxic cocktail of debt, austerity, inflation, and an unstable currency.<\/p>\n\n\n\n

For these reasons \u2014 a growing energy deficit, a worsening economic situation, and large oil and gas reserves trapped underground \u2014 there is enormous political support for kick-starting an American-style fracking boom in Argentina.<\/p>\n\n\n\n

It has taken on a level of political significance that outstrips its immediate economic potential. In Argentina, Vaca Muerta is treated as the country\u2019s chance at salvation, with fracking seen as doing everything at once \u2014 creating jobs, reducing the debt burden, plugging the energy deficit and turning Argentina into a major player on the global oil and gas stage.<\/p>\n\n\n\n

\u2026click on the above link to read the rest of the article\u2026<\/p>\n","protected":false},"excerpt":{"rendered":"

Argentina Wants a Fracking Boom. The US Offers a Cautionary Tale\u00a0 Argentina\u2019s President Alberto Fernandez takes office in the midst of an economic crisis. Like his predecessor, he has made fracking a centerpiece of the country\u2019s economic revival. Argentina has some of the largest natural gas and oil reserves in the world and \u201cpossibly the most […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[3,4],"tags":[5317,331,412,6010,827,8078,28704],"class_list":["post-50175","post","type-post","status-publish","format-standard","hentry","category-energy-2","category-environment","tag-desmog-blog","tag-fracking","tag-hydraulic-fracturing","tag-nick-cunningham","tag-united-states","tag-us-eia","tag-vaca-muerta"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/50175","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=50175"}],"version-history":[{"count":2,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/50175\/revisions"}],"predecessor-version":[{"id":50177,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/50175\/revisions\/50177"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=50175"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=50175"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=50175"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}