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(World Review)   Argentina has struck a massive fracking deal which will make it the largest producer of shale oil in the hemisphere after the US. Plus it can rejoin international markets, continue to pay for social programmes and put a stop to those pesky protests   (worldreview.info) divider line 27
    More: Interesting, shale oil, Argentinian, United States, international markets, shale, domestic market, farms  
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763 clicks; posted to Business » on 21 Mar 2014 at 9:32 AM (17 weeks ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



27 Comments   (+0 »)
   
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2014-03-21 09:48:48 AM
You know, if I was Argentina, I'd be content with being the home of the world's greatest ass, but maybe that's just me.

www.thedurtyversion.com
 
2014-03-21 09:58:18 AM
Dead cow basin?

And finally, proper use of the word "argentine".
 
2014-03-21 10:12:31 AM
And hopefully they will stop whining about the Falkland Islands, since we all know the only reason they care about them is for the oil.
 
2014-03-21 10:14:29 AM
Is familiar with big fracking deals.
kstp.com
 
2014-03-21 10:16:09 AM
This Russia dustup has got me thinking about gas exploration firms.  Apparently, Poland has quite a bit of reserves and has just begun to tap them.
http://www.bloomberg.com/news/2014-01-23/europe-nears-first-commerci al -shale-gas-production-in-poland-1-.html
 
2014-03-21 10:16:23 AM
But will they continue to have TP shortages, or will they be able to up thier three square a day ration?
 
2014-03-21 10:17:52 AM

wildcardjack: But will they continue to have TP shortages, or will they be able to up thier three square a day ration?


Wrong country


This is just kicking the can down the road some.
 
2014-03-21 10:55:07 AM

cgraves67: And hopefully they will stop whining about the Falkland Islands, since we all know the only reason they care about them is for the oil.


Not the only reason. They also like to bring it up to distract people from how shiatty the domestic situation is starting to look.
 
2014-03-21 11:45:01 AM
"We totally won't nationalize you again, Repsol, honest."
 
2014-03-21 12:46:59 PM

Rapmaster2000: This Russia dustup has got me thinking about gas exploration firms.  Apparently, Poland has quite a bit of reserves and has just begun to tap them.
http://www.bloomberg.com/news/2014-01-23/europe-nears-first-commerci al -shale-gas-production-in-poland-1-.html


I would be a bit nervous about that fellow Putin; he might decide to come to the aid of all that Russian-speaking gas.
 
2014-03-21 12:48:34 PM

jjorsett: "We totally won't nationalize you again, Repsol, honest."


I wouldn't go into that country without an enormous bond against nationalization.   When these resources get pissed away, the Argentine govt will start seizing assets again and we'll be right back where we are now.
 
2014-03-21 12:58:35 PM

Galloping Galoshes: jjorsett: "We totally won't nationalize you again, Repsol, honest."

I wouldn't go into that country without an enormous bond against nationalization.   When these resources get pissed away, the Argentine govt will start seizing assets again and we'll be right back where we are now.


Thank goodness in the US we only seize assets to build football stadiums.
 
2014-03-21 01:16:24 PM

Cymbal: You know, if I was Argentina, I'd be content with being the home of the world's greatest ass, but maybe that's just me.

[www.thedurtyversion.com image 300x216]


They should export more of those!
 
2014-03-21 03:08:03 PM

mcreadyblue: Galloping Galoshes: jjorsett: "We totally won't nationalize you again, Repsol, honest."

I wouldn't go into that country without an enormous bond against nationalization.   When these resources get pissed away, the Argentine govt will start seizing assets again and we'll be right back where we are now.

Thank goodness in the US we only seize assets to build football stadiums.


That's not true.  Sometimes it's to build malls.
 
2014-03-21 03:17:13 PM
Argentina's a great country -- too bad it's been led by an inept bunch. Of all the places I've been, some of the nicest folks I've met were in Buenos Aires.

If you go down there, US dollars are gold. Don't bother changing them at the airport... you can get great exchange rates on the street. Offer to pay your cabbie in USD, too... you'll get a terrific price.

/good beef
//great Malbec
 
2014-03-21 03:21:57 PM

jankyboy: Argentina's a great country -- too bad it's been led by an inept bunch. Of all the places I've been, some of the nicest folks I've met were in Buenos Aires.

If you go down there, US dollars are gold. Don't bother changing them at the airport... you can get great exchange rates on the street. Offer to pay your cabbie in USD, too... you'll get a terrific price.

/good beef
//great Malbec


I'll be there in about 3 weeks.
 
2014-03-21 03:32:43 PM

BigLuca: mcreadyblue: Galloping Galoshes: jjorsett: "We totally won't nationalize you again, Repsol, honest."

I wouldn't go into that country without an enormous bond against nationalization.   When these resources get pissed away, the Argentine govt will start seizing assets again and we'll be right back where we are now.

Thank goodness in the US we only seize assets to build football stadiums.

That's not true.  Sometimes it's to build malls.


And sometimes it's to build stuff that never gets built.
 
2014-03-21 03:54:34 PM

jjorsett: BigLuca: mcreadyblue: Galloping Galoshes: jjorsett: "We totally won't nationalize you again, Repsol, honest."

I wouldn't go into that country without an enormous bond against nationalization.   When these resources get pissed away, the Argentine govt will start seizing assets again and we'll be right back where we are now.

Thank goodness in the US we only seize assets to build football stadiums.

That's not true.  Sometimes it's to build malls.

And sometimes it's to build stuff that never gets built.


Yep, that is the exact thing I was thinking of.  The Kelo decision made me sad and disillusioned.
 
2014-03-21 04:40:01 PM

jankyboy: Argentina's a great country -- too bad it's been led by an inept bunch. Of all the places I've been, some of the nicest folks I've met were in Buenos Aires.

If you go down there, US dollars are gold. Don't bother changing them at the airport... you can get great exchange rates on the street. Offer to pay your cabbie in USD, too... you'll get a terrific price.

/good beef
//great Malbec


When I was there I was surprised by how easy it was to find people who wanted dollars. I didn't even have to ask. Once they knew I was from the US, they'd take the initiative. Sadly I exchanged money at Wells Fargo before leaving the US which was about half the rate I would have gotten on the very easy to find black market. The only downside I could see, besides it technically being illegal, was that it would be easy to end up with counterfeit pesos.

But yes, Buenos Aires is a great city. I'd love to spend more time there. The contrast between it and Rio is amazing. Brazil might be the better country to do business in, but Argentina is so much nicer to live in or visit.
 
2014-03-21 04:41:49 PM

Cymbal: You know, if I was Argentina, I'd be content with being the home of the world's greatest ass, but maybe that's just me.

[www.thedurtyversion.com image 300x216]


robbryerse.com
 
2014-03-21 10:09:14 PM
When I was in Argentina no one wouldn't take dollars even at little street corner places, but change was always in pesos.  You also always got a better deal than the official rate without even asking.   The food and wine was great and the people were extremely friendly.

My wife's family is Argentine and I hope that this will help make things better for them all, but I have my doubts given the countries history.
 
2014-03-21 10:24:01 PM
So now they can afford to retake the Falkland islands?
 
2014-03-21 11:09:47 PM

Rapmaster2000: This Russia dustup has got me thinking about gas exploration firms.  Apparently, Poland has quite a bit of reserves and has just begun to tap them.
http://www.bloomberg.com/news/2014-01-23/europe-nears-first-commerci al -shale-gas-production-in-poland-1-.html


Some foreign companies have abandoned Poland (Talisman and ExxonMobil) because their attempts at exploration have has results that are less than stellar and the Polish government has made exploration all but impossible (lots of red tape and we're not talking useful red tape like regulations to make sure things are done safely).

So, what you're left with is a bunch of smaller companies who have no experience at developing shale gas trying to develop it in a country where there's no government framework for developing it and there's no rig fleet and pressure-pumping fleet for developing it. In other words, it's going to be real tough and prospects for any meaningful production to help wean Europe from Russian gas are very low.
 
2014-03-22 03:05:46 AM

EngineerAU: jankyboy: Argentina's a great country -- too bad it's been led by an inept bunch. Of all the places I've been, some of the nicest folks I've met were in Buenos Aires.

If you go down there, US dollars are gold. Don't bother changing them at the airport... you can get great exchange rates on the street. Offer to pay your cabbie in USD, too... you'll get a terrific price.

/good beef
//great Malbec

When I was there I was surprised by how easy it was to find people who wanted dollars. I didn't even have to ask. Once they knew I was from the US, they'd take the initiative. Sadly I exchanged money at Wells Fargo before leaving the US which was about half the rate I would have gotten on the very easy to find black market. The only downside I could see, besides it technically being illegal, was that it would be easy to end up with counterfeit pesos.

But yes, Buenos Aires is a great city. I'd love to spend more time there. The contrast between it and Rio is amazing. Brazil might be the better country to do business in, but Argentina is so much nicer to live in or visit.


The weather is kinda ghastly in the summer in Buenos Aires (35-40C, and LOTS of humidity. And it's not like a 1st world nation where AC is taken for granted. Seriously, that bugs me about the US. In summer every time you enter a building you get chilled, and in winter you get roasted. It's not a crime to wear a sweater indoors, y'know ;) but it's a beautiful city. I love it.
 
2014-03-22 01:27:20 PM

jankyboy: Argentina's a great country -- too bad it's been led by an inept bunch. Of all the places I've been, some of the nicest folks I've met were in Buenos Aires.

If you go down there, US dollars are gold. Don't bother changing them at the airport... you can get great exchange rates on the street. Offer to pay your cabbie in USD, too... you'll get a terrific price.

/good beef
//great Malbec


I think the only rule in Argentina is it has to be run by awful or incompetent folks.
 
2014-03-22 02:12:12 PM

Galloping Galoshes: jjorsett: "We totally won't nationalize you again, Repsol, honest."

I wouldn't go into that country without an enormous bond against nationalization.   When these resources get pissed away, the Argentine govt will start seizing assets again and we'll be right back where we are now.


You have to look no further than Venezuela for an example. They turned their national oil company into a social welfare agency
 
2014-03-22 03:27:45 PM

Mrbogey: jankyboy: Argentina's a great country -- too bad it's been led by an inept bunch. Of all the places I've been, some of the nicest folks I've met were in Buenos Aires.

If you go down there, US dollars are gold. Don't bother changing them at the airport... you can get great exchange rates on the street. Offer to pay your cabbie in USD, too... you'll get a terrific price.

/good beef
//great Malbec

I think the only rule in Argentina is it has to be run by awful or incompetent folks.


Hey guys, miss me yet?

upload.wikimedia.org

/Peronism - crony capitalism/fascism with a hint of socialism.
//Your politico-meter just assploded
///His wife, Eva Peron, is who Kristina (the fat cow) Kirchner thinks she is...
 
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