http://news.yahoo.com/huge-oil-discovery-boosts-argentinas-potential-163158210.htmlA huge oil discovery by the Spanish company Repsol has sharply boosted Argentina's potential to cash in on energy and could eventually attract an infusion of investment to exploit the shale oil.
Experts said Tuesday that the find is very promising, but it is unclear how much time and investment may be needed to capitalize on the oil beneath the rocky, barren plains of Patagonia. The company said the discovery includes 927 million barrels of recoverable oil and natural gas, of which 741 million barrels is shale oil....
Former Argentine Energy Minister Jorge Lapena said it's a "spectacular announcement" but that the reserves have yet to be proven and that studies on economic feasibility and environmental impact still need to be carried out.
Some environmentalists also are concerned that such oil development in Argentina would put pressure on freshwater supplies and could pollute water sources.And it's nice, dirty shale oil, too! Too bad Argentina is too far away from Nebraska to run a pipeline through it. :sarcasm: