Our friend Harold Hamm, one of the godfathers of the shale/fracking revolution is betting big on the shale formations of Argentina and the political and economic stability ushered in by Javier Milei.
On Monday, Hamm, the highly successful founder of Continental Resources, one of America’s largest independent oil companies, announced that the company is going to be investing up to $200 million per year in Argentina.
“There’s a lot that we like about this new administration. President Milei could be on his way to a real economic turnaround… we think it could be a great deal for the country and for our company as well.”
Investment by companies like Continental Resources is precisely what developing economies need in order to create jobs and boost their economic growth rate. And such investment also creates jobs back home in the U.S.
It’s another example of how freedom and free enterprise create prosperity.
