http://www.reuters.com/article/2012/04/24/us-argentina-energy-idUSBRE83N13U20120424
USA experts predict that Patagonia may hold the world's 3rd largest reserves of shale gas and oil...behind only China and the USA.
Spain's Repsol recently estimated that it would cost it $25 billion to develop those potential reserves.
Now Repsol is history...after last week's disputed nationalization by President Cristina Fernandez.
New players will be needed to develop the 774 trillion cubic feet of nat gas trapped in Patagonia...starting with the Vaca Muerta region...since Buenos Aires has neither the cash or expertise to do it themselves?
Always energy hungry China is a likely candidate...as is Brasil's Petrobras.
The billion dollar question...will other foreign companies risk joining them?
Popular Posts
- POLAND: Warsaw Lauds LOT Pilot Wrona For Safe Crash Landing.
- SERBIA / LIBYA : Are Serbian Mercenary Pilots Bombing Protestors In Tripoli?
- HONDURAS : 4 Nov. UPDATE: 176 Police Arrested For Corruption; Lobo Sacks His Top Cops...Sends Troops Into Sula, Tegucigalpa.
- PERU: Chaos Reigns In Lima's Streets With Unregulated Taxis And Ancient Buses.
- COLOMBIA: Corrupt Police Aided Bogota's Fake Torture Brothel.
- ITALY / EUROZONE : New Greek Crisis Delays Berlusconi's Love Songs CD Release.
- MEXICO : Zetas Founder/ Leader "Lucky" Hernandez Lechuga Captured In Veracruz.
- SERBIA / KOSOVO / EU : President Nikolic Talks Tough About Pristina.
- CHILE / CANADA : Court Suspends Barrick Gold Pascua Lama Mine Production.
- USA : 07 May UPDATE: Famous Fat Cat Meow...Dies On Diet.