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Argentina's Economy Gets Revenge After Leader Put Politics First


Back home, Fernandez’s populist vice president took to the microphone to make one thing clear.
“We can’t pay because we don’t have the money,” said Cristina Fernandez de Kirchner, who held the nation’s top job from 2007 to 2015. The IMF’s terms are “unacceptable.”
READ MORE: Argentina Can’t Repay IMF $45 Billion, Vice President Says
It was a telling moment. When Fernandez, 62, took office in the final days of 2019, he presented himself as pragmatic. True, he’d briefly been Kirchner’s chief of staff within the Peronist left but he accepted a role for capitalism and wouldn’t allow Kirchner and her loyalists to set the agenda. ....

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Huge potential, big hurdles for Argentina's Vaca Muerta


It is a priority, he said. We are always thinking of increasing production by an important amount. We want to increase the quantity and quality of exports.
To do this, the key is to increase drilling in Vaca Muerta, a play so large that it can supply all the country s oil and gas needs for decades to come and also export increasing amounts and soon. Argentina supplies all of its 500,000 b/d of internal oil demand and most of its 140 million cu m/d of gas demand, and exports have been on the rise over the past few years, including exports of light sweet Medanito crude from Vaca Muerta. ....

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