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The Forum > Article Comments > $67 oil has all the majors converging here > Comments

$67 oil has all the majors converging here : Comments

By Nicholas Cunningham, published 14/3/2016

Argentina offers one of the few places on earth where oil companies are not suffering from the full force of the collapse in prices.

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The last thing the average Argentinian motorist is going to worry about, is those poor impoverished international oil companies and instead worry about their own domestic economy, which continues to be compromised by the unusually high price, by international standards, of domestic fuel?

And I just don't buy the glib assertion that the shale oil operators down there are doing it tough, given the way the energy vultures are flocking!

Albeit, local profitability may have something to do with the [artificial] debt load created by the former and recently replaced CEO?
Posted by Rhrosty, Monday, 14 March 2016 8:24:39 AM
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