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Argentinas Shale Capital Suffers from Slowdown
2016-03-19 00:09:00| Climate Ark Climate Change & Global Warming Newsfeed
Inter Press Service: The dizzying growth of Aelo, a town in southwest Argentina, driven by the production of shale oil and gas in the Vaca Muerta geological reserve, has slowed down due to the plunge in global oil prices, which has put a curb on local development and is threatening investment and employment. Vaca Muerta, a 30,000-sq-km geological reserve rich in unconventional fossil fuels in the province of Neuquén, began to be exploited in mid-2013 by the state-run oil company Yacimientos Petroliferos Fiscales...
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Category:Electronics and Electrical