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Argentina

Argentina Looks To Frack Its Way To Energy Independence

Argentina could soon jump on the shale gas bandwagon. The South American country has one of the world’s most significant shale gas reserves. And its government has finally moved to make production more cost-effective. Investors are starting to line up.

Argentine energy company YPF has recently discovered large shale gas deposits (nestor galina)
Argentine energy company YPF has recently discovered large shale gas deposits (nestor galina)
Juan Pablo Dalmasso

CORDOBA Things could soon get very busy for Marcelo Guiscardo and his colleagues at QM Equipment, an Argentine firm that designs and produces specialized equipment - including rock-breaking machines – of the type used in shale gas extraction.

Up to now, the company's production has almost exclusively been for export, with customers in South America, Oman, Egypt and Russia. That could soon change. Argentina, it turns out, is parked on top of an immense reserve of shale gas: the third largest reserve in the world after the United States and China. There are now hints the country is ready to begin exploiting those reserves, meaning QM – which already has its hands full trying to meet foreign demand – could soon have more business than they can even handle.

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Geopolitics

Venezuela-Iran: Maduro And The Axios Of Chaos In The Americas

With the complicity of leftist rulers in Venezuela, Bolivia and even Argentina, Iran's sanction-ridden regime is spreading its tentacles in South America, and could even undermine democracies.

Venezuelan President Nicolás Maduro visiting Iranian President Ebrahim Raisi in Tehran, Iran on June 11. Venezuela is one of Iran's closest allies, and both are subject to tough U.S. sanctions.

Julio Borges

-Analysis-

CARACAS —The dangers posed by Venezuela's relations with the Islamic Republic of Iran is something we've warned about before. Though not new, the dangers have changed considerably in recent years.

They began under Venezuela's late leader, Hugo Chávez , when he decided to turn his back on the West and move closer to countries outside our geopolitical sphere. In 2005, Chávez and Iran's then president, Mahmoud Ahmadinejad, signed collaborative agreements in areas beyond the economy, with goals that included challenging the West and spreading Iran's presence in Latin America.

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