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    Argentina’s future lies in the balance as vast oilfields poised for extraction

    Started by RE Jul 11, 2024, 08:20 PM

    Message path : / Planetary Material Conditions / Peak oil / Peak Oil 101 #44


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    RE

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    • Posts: 1,751
    Jul 11, 2024, 08:20 PM
    Clearly the Argentinians have not read the IEA or BP predictions.  lol.  Arriving a little late to the party.  Now the question is, who will pony up and finance the drilling?  Since the IEA projects a supply GLUT for the next decade, it doesn't seem to be a very attractive investment opportunity.  The Brit banks aren't financing new FF drilling in the North Sea, but maybe they would hand over money to Argentina for drilling?

    https://www.theguardian.com/global-development/article/2024/jul/11/argentinas-future-lies-in-the-balance-as-vast-oilfields-poised-for-extraction

    Argentina's future lies in the balance as vast oilfields poised for extraction


    RE

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