When It Comes to Fracking, Argentina Dreams Big

Since a US Energy Information Administration (EIA) report announced in 2011 that Argentina had some of the world’s biggest shale oil and gas reserves, the dream of prosperity has been on the minds of many people in this South American nation where nearly a third of the population lives in poverty.

Argentina’s ‘Shale Capital’ Suffers from Slowdown

The dizzying growth of Añelo, a town in southwest Argentina, driven by the production of shale oil and gas in the Vaca Muerta geological reserve, has slowed down due to the plunge in global oil prices, which has put a curb on local development and is threatening investment and employment.

Plunging Oil Prices Won’t Kill Vaca Muerta

Despite the precipitous fall in global oil prices, Argentina has continued to follow its strategy of producing unconventional shale oil, although in the short term there could be problems attracting the foreign investment needed to exploit the Vaca Muerta shale deposit.

“Yeil” – The New Energy Buzzword in Argentina

In Argentina they call it “yeil”, the hispanicised version of “shale”. But while these unconventional gas and oil reserves are seen by many as offering a means to development and a route towards energy self-sufficiency, others believe the term should fall into disuse because the global trend is towards clean, renewable sources of energy.

Añelo, from Forgotten Town to Capital of Argentina’s Shale Fuel Boom

This small town in southern Argentina is nearly a century old, but the unconventional fossil fuel boom is forcing it to basically start over, from scratch. The wave of outsiders drawn by the shale fuel fever has pushed the town to its limits, while the plan to turn it into a “sustainable city of the future” is still only on paper.

Fracking Fractures Argentina’s Energy Development

Unconventional oil and gas reserves in Vaca Muerta in southwest Argentina hold out the promise of energy self-sufficiency and development for the country. But the fracking technique used to extract this treasure from underground rocks could be used at a huge cost.

Latin America on a Dangerous Precipice

“We could be the last Latin American and Caribbean generation living together with hunger.”

Vaca Muerta, Argentina’s New Development Frontier

Production here has skyrocketed so fast that for now the installations of the YPF oil company at the Loma Campana deposit in southwest Argentina are a jumble of interconnected shipping containers.