for International Shale
A general consensus has emerged that upstream investment cuts will eventually push prices upward, resulting in a potentially dramatic correction that rattles the global economy. A price spike, while possible, is not yet a forgone conclusion.
Mexico’s crude oil production has declined for 11 consecutive years, and a recovery is nowhere in sight.
Despite a tumultuous history for foreign investors, Argentina is home to the only commercial shale production outside of North America, with output expected to double by 2018.