Vaca Muerta will demand more than 40,000 additional workers

[SlowWalker]

Vaca Muerta will demand more than 40,000 additional workers: profiles, salaries and how to access free training

 

[MarshallE]

Won't be long now till Argentina starts issuing oil dividends to its citizens like Saudi Arabia or Qatar


Only half joking, but the newfound wealth from resource exploitation will be a big boost for the country

 

[JMHarris]

The initial development of Vaca Muerta was begun under Cristina Kirchner.

 

[Ronnie Hotdogs]

Million barrels a day isn’t that much in the grand scheme of things for a country the size of Argentina. Although it will help with trade balance I don’t think it’s enough to transform the Argentine economy.

UK was producing close to 3 million barrels a day when Thatcher used the earnings to fund her low tax policies.

 

[JMHarris]

Also, lest we forget, Milei & Co. halted all public works, including Vaca Muerta, when he was coronated...ooops I mean inaugurated, bc, you know, deficits. This triggered a domestic shortage of LPG. Encima, Milei, being a very petty person a la Trump, had to change the name of the gasoducto as part of the LLA's overall plan to try to erase the name Kirchner from Argentine history. He won't succeed.

Always remember - HALT all public works when there is deficit! That is what the those beloved Austrian School economics textbooks of Milei's say!

 

[LuckyLuke]

Also, lest we forget, Milei & Co. halted all public works, including Vaca Muerta, when he was coronated...ooops I mean inaugurated, bc, you know, deficits. This triggered a domestic shortage of LPG. Encima, Milei, being a very petty person a la Trump, had to change the name of the gasoducto as part of the LLA's overall plan to try to erase the name Kirchner from Argentine history. He won't succeed.

Always remember - HALT all public works when there is deficit! That is what the those beloved Austrian School economics textbooks of Milei's say!

You forgot a minor detail...."halt all public works" to reduce the deficit to prevent a YOY hyperinflation of 289% from ruining the country and a riesgo pais of 2500 from threatening to plummet the country into a sovereign debt crisis.

That's the exact state of the economy Milei inherited from Alberto/Massa. That he averted certain crisis, should not be discounted; however, it's my opinion that there's little excuse not to fund universities right now, given that Congress has overridden his veto. This is not a dictatorship and it's not his sole decision to unilaterally decide who gets congressional funding and who doesn't.

You have right to be enraged by that. Milei's Austrian economics was a cure to an acute situation but I think a more deft hand is now needed to balance a moderate deficit to encourage employment without restoking inflation.

Milei's 0% inflation goal sounds not only absurd to me but could cause a deflationary trap, which is another altogether different crisis.

 

[SlowWalker]

Won't be long now till Argentina starts issuing oil dividends to its citizens like Saudi Arabia or Qatar


Only half joking, but the newfound wealth from resource exploitation will be a big boost for the country

It will be interesting to follow this graphic in the future and see if the trend continues.
Jujuy, Salta, Catamarca, San Juan, Mendoza, Neuquen all have resources industries (mines, oil, gas). LaRioja does as well, but still early phases not more developed projects yet.
Rio Negro has the pipelines and port infrastructure.

The state and federal governments only get money from taxes, royalties and infrastructure funds currently.
Maybe in the future they can setup a corporation or invest for equity in the operations.
Maybe YPF will expand beyond just the petroleum industry.

 

[LuckyLuke]

Maybe YPF will expand beyond just the petroleum industry.

Americans might not think much about gas stations but YPF's sector creep is no joke...



They could easily branch out into rain jackets, auto accessories, camping gear, road-side lodging, you name it....

 

[Dim Witty]

There goes the neighborhood to hell.

 

[Che1990]

It will be interesting to follow this graphic in the future and see if the trend continues.
Jujuy, Salta, Catamarca, San Juan, Mendoza, Neuquen all have resources industries (mines, oil, gas). LaRioja does as well, but still early phases not more developed projects yet.
Rio Negro has the pipelines and port infrastructure.

The state and federal governments only get money from taxes, royalties and infrastructure funds currently.
Maybe in the future they can setup a corporation or invest for equity in the operations.
Maybe YPF will expand beyond just the petroleum industry.

View attachment 10978

Tucuman is missing from the map - and this was published by the government