A recent get-together organised by Pan American Energy (PAE), the oil company of the Bulgheroni family, was hosted by company president Alejandro Bulgheroni himself. Senior representatives of firms including YPF, Axion Energy, Pampa Energía, Vista Oil & Gas, Harbour Energy, Tecpetrol, Pecom and the rest of the new Argentine aristocracy belonging to the country’s great lifeline – the Vaca Muerta shale deposit in Patagonia – were also in attendance.
Nowadays, such an event takes on the dimensions which not so long ago the assemblies of the bankers of ABA banking association in the 1990s or the meetings of the UIA (Unión Industrial Argentina) in Kirchnerite years would have had. Perhaps, in a while, such meetings will overtake the Sociedad Rural Argentina (SRA) as the country’s most important venue for the talks of the ‘círculo rojo’ establishment.
No speculation on this question, it comes from realistic calculations linked to the level of exports departing Argentina. In a few years, Vaca Muerta will overtake the agricultural sector as the main earner of foreign currency, making it the object of desire for those governing the country.
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