politics

On December 10th we witnessed President Javier Milei’s inauguration in Buenos Aires. Considered by many a controversial, far-right libertarian, Argentina’s new head of state is thought of as a wild card for many. At the same have also seen a return of the “conventional” right into his cabinet. So, what can we expect for Argentina’s energy sector? The South American country has a wide range of natural resources at its disposal; relating to energy it has a strong potential for shale oil and gas, hydroelectric generation, biomass, and battery metals—notably lithium. With such endowments, it is not only important for global commodity markets; it has a strategic role to play in the energy transition. President Milei’s win in the second round meant, for most financial markets, good news. While the peso fell against the dollar, in New York Argentine stocks and bonds shot up on news of his victory. In particular, investo...