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Oil at $77? Argentina Marches to a Different Drummer

Video player cover image — Argentina Government Pads Its Economy With Expensive Oil

Pablo Gonzalez

August 25, 2015, 4:01 AM UTCUpdated onAugust 25, 2015, 8:30 PM UTC

Oil at $77? It is in Argentina.

Oil has plummeted below $39 a barrel in the U.S. But despite the price bloodbath in global energy markets, it fetches nearly twice that amount in Argentina -- home to some of the most expensive crude in the world.