BusinessEconomyForeign Affairs

Growing oil production in South America limits gas price increases due to Iran War

Argentina’s biggest exports used to be beef and grains. But not anymore. “Argentina is transforming from an energy importer into a growing energy exporter. Oil production from the Vaca Muerta shale formation is up 28 percent from a year ago, and crude oil became the country’s largest export product during the first half of 2026,” reports The Doomslayer.

Growing oil production in South American countries like Argentina has helped limit gas price increases during the Iran War. Some analysts predicted the Iran War would drive gasoline prices above $200 per barrel. But it didn’t. The price of oil is only about $85 per barrel now.

One reason the price didn’t rise more is that more and more of the world’s oil comes from outside the Persian Gulf, which used to produce more than a third of the world’s oil.  The Persian Gulf’s only entrance and exit — the Strait of Hormuz — has been dangerous for ships to pass through since the start of the Iran War. That restricted the shipping of oil from oil-producing Persian Gulf countries during the war.

Oil production in Argentina’s neighbor, Brazil, has risen from 3 million barrels per day in 2022 to about 4.5 million barrels per day in 2026.

The South American country of Guyana is rapidly expanding offshore oil production. It now has among the highest per capita oil production on Earth, producing more than 900,000 barrels of oil per day, despite having only 840,000 people. It was once the poorest country in South America, but now its per capita income is higher than any other country in the Americas (except perhaps the United States).

Guyana is famous as the country where a cult killed 918 people in 1978 in Jonestown. Much of the country is uninhabited rain forest.

However, it has a very high crime rate, which makes it less attractive to visit, even though it has striking tourist attractions such as Kaieteur Falls. The murder rate in Guyana is three or four times as high as in the United States.

Argentina also now produces lots of soybeans and soybean oil. It used to grow mainly corn and wheat. “Argentina became the first Latin American country to officially approve genetically modified, glyphosate-tolerant soybeans in 1996. This new technology paired with zero-tillage farming made soy extremely profitable and easy to expand. Land use exploded from under 5 million hectares in the early 1990s to roughly 20 million hectares by the late 2010s, turning Argentina into a global agricultural superpower.”

Hans Bader

Hans Bader practices law in Washington, D.C. After studying economics and history at the University of Virginia and law at Harvard, he practiced civil-rights, international-trade, and constitutional law. He also once worked in the Education Department. Hans writes for CNSNews.com and has appeared on C-SPAN’s “Washington Journal.” Contact him at hfb138@yahoo.com

Related Articles

99 Comments

  1. The shift in energy supply from centralized chokepoints to diverse sources like Guyana is a powerful lesson in supply chain resilience. This geographical diversification model is critical, mirroring how robust digital platforms must offer varied access points and experiences, much like checking out the variety available via a backscatter download apk.

  2. Hi, Neat post. There is an issue with your site in internet explorer, may test thisK IE nonetheless is the marketplace chief and a good component to other folks will leave out your magnificent writing because of this problem.

  3. Hi there! Quick question that’s completely off topic. Do you know how to make your site mobile friendly? My weblog looks weird when viewing from my iphone4. I’m trying to find a template or plugin that might be able to resolve this problem. If you have any recommendations, please share. Thank you!

  4. My spouse and I stumbled over here by a different web page and thought I might as well check things out. I like what I see so i am just following you. Look forward to checking out your web page yet again.

  5. Hello, i think that i saw you visited my site so i came to “return the favor”.I am attempting to find things to improve my site!I suppose its ok to use a few of your ideas!!

  6. I think this is one of the most vital info for me. And i am glad reading your article. But want to remark on few general things, The site style is ideal, the articles is really great :D. Good job, cheers

  7. Hey there! I’ve been following your blog for some time now and finally got the courage to go ahead and give you a shout out from Houston Texas! Just wanted to mention keep up the fantastic work!

  8. I have fun with, result in I discovered just what I used to be having a look for. You have ended my 4 day lengthy hunt! God Bless you man. Have a great day. Bye

  9. I’ll right away grasp your rss as I can’t find your email subscription link or newsletter service. Do you’ve any? Kindly permit me know so that I may just subscribe. Thanks.

  10. Nice post. I learn something more challenging on different blogs everyday. It will always be stimulating to read content from other writers and practice a little something from their store. I’d prefer to use some with the content on my blog whether you don’t mind. Natually I’ll give you a link on your web blog. Thanks for sharing.

  11. An impressive share, I just given this onto a colleague who was doing a little analysis on this. And he in fact bought me breakfast because I found it for him.. smile. So let me reword that: Thnx for the treat! But yeah Thnkx for spending the time to discuss this, I feel strongly about it and love reading more on this topic. If possible, as you become expertise, would you mind updating your blog with more details? It is highly helpful for me. Big thumb up for this blog post!

  12. Exceptional post but I was wanting to know if you could write a litte more on this topic? I’d be very grateful if you could elaborate a little bit further. Many thanks!

  13. You are my breathing in, I have few blogs and very sporadically run out from brand :). “Fiat justitia et pereat mundus.Let justice be done, though the world perish.” by Ferdinand I.

  14. I’ve been exploring for a little for any high quality articles or weblog posts in this sort of house . Exploring in Yahoo I eventually stumbled upon this web site. Reading this info So i am satisfied to exhibit that I have an incredibly excellent uncanny feeling I found out just what I needed. I most certainly will make certain to don’t put out of your mind this site and give it a glance on a relentless basis.

  15. The crux of your writing while sounding reasonable initially, did not really work perfectly with me personally after some time. Someplace throughout the sentences you actually were able to make me a believer but just for a short while. I still have a problem with your leaps in assumptions and one would do well to fill in all those breaks. When you actually can accomplish that, I will surely end up being amazed.

  16. Hi there, I found your site via Google while looking for a related topic, your site came up, it looks great. I have bookmarked it in my google bookmarks.

  17. I found your weblog website on google and verify a few of your early posts. Proceed to keep up the very good operate. I just additional up your RSS feed to my MSN Information Reader. Searching for forward to studying extra from you later on!…

  18. I like what you guys are up too. Such intelligent work and reporting! Carry on the excellent works guys I have incorporated you guys to my blogroll. I think it will improve the value of my site 🙂

  19. Its like you read my mind! You appear to know a lot about this, like you wrote the book in it or something. I think that you could do with a few pics to drive the message home a little bit, but other than that, this is wonderful blog. A great read. I’ll definitely be back.

  20. hello there and thank you for your info – I’ve definitely picked up something new from right here. I did then again experience several technical issues using this web site, as I skilled to reload the website many instances prior to I may get it to load correctly. I were puzzling over in case your web host is OK? Now not that I’m complaining, but sluggish loading cases instances will sometimes impact your placement in google and could harm your high quality rating if advertising and ***********|advertising|advertising|advertising and *********** with Adwords. Anyway I am adding this RSS to my email and could glance out for a lot extra of your respective intriguing content. Ensure that you replace this once more soon..

  21. I am not sure where you’re getting your info, but good topic. I needs to spend some time learning much more or understanding more. Thanks for excellent info I was looking for this information for my mission.

  22. Thanks , I have recently been searching for info approximately this topic for a while and yours is the best I’ve discovered till now. But, what in regards to the bottom line? Are you positive in regards to the supply?

  23. wonderful post, very informative. I wonder why the other specialists of this sector do not notice this. You must continue your writing. I am confident, you have a great readers’ base already!

  24. Hmm is anyone else having problems with the pictures on this blog loading? I’m trying to figure out if its a problem on my end or if it’s the blog. Any feedback would be greatly appreciated.

  25. Sweet blog! I found it while surfing around on Yahoo News. Do you have any tips on how to get listed in Yahoo News? I’ve been trying for a while but I never seem to get there! Appreciate it

  26. cobetplay has been my daily go to spot for months now and I can not stop recommending it. The welcome bonus was exactly as promised and the game library keeps growing with fresh titles. I love that the support chat is always active and replies in a friendly conversational style. It takes the stress out of online gaming and just feels like a fun weekend tradition. cobetplay

  27. This design is spectacular! You certainly know how to keep a reader entertained. Between your wit and your videos, I was almost moved to start my own blog (well, almost…HaHa!) Wonderful job. I really enjoyed what you had to say, and more than that, how you presented it. Too cool!

  28. Hello! This is my 1st comment here so I just wanted to give a quick shout out and tell you I really enjoy reading your posts. Can you suggest any other blogs/websites/forums that go over the same subjects? Thank you so much!

  29. Undeniably imagine that which you stated. Your favourite justification seemed to be at the net the simplest thing to remember of. I say to you, I certainly get annoyed at the same time as other people think about worries that they just don’t recognise about. You controlled to hit the nail upon the highest and outlined out the entire thing with no need side-effects , other folks could take a signal. Will probably be back to get more. Thank you

  30. An impressive share, I simply given this onto a colleague who was doing slightly analysis on this. And he in actual fact bought me breakfast as a result of I discovered it for him.. smile. So let me reword that: Thnx for the deal with! But yeah Thnkx for spending the time to discuss this, I really feel strongly about it and love studying extra on this topic. If possible, as you grow to be expertise, would you thoughts updating your weblog with more particulars? It is extremely useful for me. Huge thumb up for this weblog submit!

  31. I was very pleased to find this web-site.I wanted to thanks for your time for this wonderful read!! I definitely enjoying every little bit of it and I have you bookmarked to check out new stuff you blog post.

  32. I loved as much as you will receive carried out right here. The sketch is attractive, your authored subject matter stylish. nonetheless, you command get got an shakiness over that you wish be delivering the following. unwell unquestionably come further formerly again as exactly the same nearly a lot often inside case you shield this hike.

  33. I have been exploring for a bit for any high-quality articles or blog posts on this kind of house . Exploring in Yahoo I ultimately stumbled upon this website. Studying this info So i am satisfied to exhibit that I have an incredibly just right uncanny feeling I found out just what I needed. I most certainly will make sure to do not fail to remember this site and provides it a look on a constant basis.

  34. 제주 노래방은 매장마다 이용 방식이 다를 수 있어 원하는 분위기와 비용 구성을 먼저 확인하는 게 좋겠습니다. 관련 내용은 제주노래방 안내에서 참고할 수 있습니다.

  35. An interesting discussion is worth comment. I think that you should write more on this topic, it might not be a taboo subject but generally people are not enough to speak on such topics. To the next. Cheers

  36. I’ve been exploring for a little bit for any high-quality articles or weblog posts on this kind of house . Exploring in Yahoo I eventually stumbled upon this site. Reading this info So i’m satisfied to show that I’ve an incredibly excellent uncanny feeling I discovered exactly what I needed. I most unquestionably will make certain to don’t forget this website and give it a look on a continuing basis.

  37. I’m really impressed together with your writing abilities and also with the layout on your blog. Is this a paid subject matter or did you customize it your self? Anyway keep up the nice quality writing, it is rare to peer a great blog like this one today..

  38. naturally like your web-site however you need to check the spelling on several of your posts. Several of them are rife with spelling problems and I to find it very bothersome to inform the reality then again I will definitely come back again.

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button
Sponsored
Our Privacy Policy has been updated to support the latest regulations.Click to learn more.×