Milei Is Tapping Argentina’s Permian in Bid to Cement Reforms (4)

In an outpost of Patagonia where the desert steppe collides with lush river banks, Argentine drillers are pumping crude that’s as light and sweet as the Permian Basin’s — and they’re doing it for less than their Texan counterparts.

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Welcome to the world’s latest shale boom. After a decade of false starts, the Vaca Muerta is finally lifting off, invigorated by President Javier Milei’s free-market experiment. The libertarian leader wants to transform Argentina into a major oil producer and reshape an economy built on farming. It’s an existential project for all involved: Should Milei succeed in generating new ...