Argentinian shale

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Oil at $77? It is in Argentina. Oil has plummeted below $39/bbl in the U.S. But despite the price bloodbath in global energy markets, it fetches nearly twice that amount in Argentina -- home to some of the most expensive crude in the world. Even as prices plunged anew Monday, sending world benchmarks close to the lowest levels they briefly hit in the Great Recession, oil is still flying high in Argentina for the simple reason the government wants it that way.

Argentina plays by its own rules with oil at $77