Vast Argentina Energy Resources Could Have Huge Environmental Cost
21 May 2012 - 09:39 by Local Press Report
BUENOS AIRES (Buenos Aires Herald) — Vast reserves of natural gas and oil trapped underground, whose exploitation would signify major environmental impacts, will be the greatest challenge facing YPF, the Argentine oil company that recently returned to state control. While experts in various branches of engineering and economics are enthusiastic over the prospects of the reserves discovered, they warn that the price paid to benefit from them could be steep. Roberto Kozulj from the National University of Río Negro, a specialist on the oil economy, said that the obstacles lie in the amount of investment required and the environmental risks, due to the consumption of huge volumes of water and energy and the chemical substances used to extract these resources.