Posted on 05/10/2024 5:34:42 AM PDT by Rummyfan
President Javier Milei has flawless timing. Argentina’s shale boom has reached industrial take-off just as he embarks on his extreme libertarian experiment: a Hayekian free market assault on the delinquent Peronist state and all its works.
The long-suffering nation is swinging very fast from a costly dependence on energy imports, and a chronic leakage of hard currency, to the happier condition of net hydrocarbon exports. The prolific shale basin of Vaca Muerta is finally delivering.
After years of talk and many dropped balls, this arid expanse of northern Patagonia is suddenly starting to look like the next Texas, promising to draw in the serious dollars needed to stabilise the ruined peso and make all else possible.
(Excerpt) Read more at telegraph.co.uk ...
I found the same article without a paywall:
https://finance.yahoo.com/news/milei-argentina-fast-becoming-texas-060000205.html?fr=sycsrp_catchall
“The prolific shale basin of Vaca Muerta is finally delivering.”
So the dead cow has decayed into fossil fuel.
“Yeah. When USAID and Open Society NGOs start showing up, you know exactly what is going on.”
Any country that hopes to succeed has to exterminate these roaches and termites.
The thought crossed my mind. It’s also a hell of a lot more white than here.
Once again... libertarian free markets are PROVEN to work.
And yet... *sigh* we never seem to learn that lesson HERE.
I’d much rather each of those guys help build their locales into thriving countries and trading partners so their people don’t flee here.
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