Argentina has shale oil and shale gas in the western part of the country. Called Vaca Muerta.
What they have done, for years not a result of the new guy, is they have created their own internal price of oil and done it by backstabbing the IMF. This has enabled them to get both oil and gas to flow.
In their case, the gas is probably more important. They are going to pipe it throughout South America, and his will erase an LNG customer for the US.
So this new guy has a lot more obstacles facing him than just his populism facing the local elites. The IMF are raging and the US will get around to raging.
I’m just wondering if I can somehow invest in Argentina.