Between an Argentine Shale Rock and Hard place

Shale Gas South America

You must admit there is a certain irony in reports out of Argentina by none other than the newly named CEO of YPF, (NYSE: YPF) Miguel Galuccio, that his company has found a significant shale deposit waiting to be developed and if he can do so it will make Argentina s significant exporter of oil and natural gas. What’s the irony? YPF is the company that Argentina recently seized from Spain’s Grupo Repsol and nationalized. The action created a huge international dispute and Repsol’s demand …Continue Reading »