Argentina may be looking to kick-start its vast shale oil and natural gas reserves.

So says Walter Russell Mead, citing other news reports, in his popular blog Via Meadia.

Mead: "According to the EIA, Argentina has the world’s fourth largest reserves of shale oil, and is second only to China in technically recoverable shale gas. While Argentina lacks the pipeline network or established services industry that has complemented and enabled America’s shale boom, it does have plenty of water—a key resource in fracking—and its geology lacks the complexity that has stymied Chinese efforts."

Read the whole blog post here.