Thursday, August 28, 2014

Shale/Oil companies to Argentina: Give us some stable laws.

Another shale story, this time Argentina. The Economist (Sorry this is last week's. I'm still behind due to holidays ;) ) writes that local towns are already warming up for an oil bonanza from one of the largest shale basins in the world. Yet many oil companies are not yet past exploration phase, and may delay production decisions until the Argentina government adopts some stable laws that safeguard the $140B-$200B required in investments.

Looks like great stuff for research on institutions as well as local economic development in preparation for an Oil boom. If anyone is aware of academic research on this case, let us know!

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