Fate of Vaca Muerta oil and gas fields may point to way forward on fossil fuels

Coronavirus lockdown and oil price slump leave future of vast Argentinian shale project hanging in balanceWhether the post-pandemic world moves back to fossil fuels or forward to a clean economy will become clearer in the coming weeks as the International Monetary Fund and Argentina decide whether to continue support for the vast Vaca Muerta oil and gas fields in Patagonia.The development aims to tap the second biggest shale deposits on the planet (after the Permian basin in Texas), but its future has been thrown in doubt by the coronavirus lockdown, which has induced the steepest fall of the oil price in 30 years. Continue reading...