The Big Take
Milei Is Tapping Argentina’s Permian in a Bid to Cement His Reforms
Oil exports are ramping up from the Vaca Muerta shale deposit in Patagonia after years of false starts. It’s a boom the libertarian president is counting on.
Argentina is emerging as home of the world’s next shale boom.
Photographer: Sarah Pabst/BloombergIn 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.