I had no idea that Argentina did not let landowners profit from their land through oil and natural gas extraction--in the US oil and gas industry it's know as "owning to hell" and you get royalty rights with whomever offers you the cash to drill on your land. That may be a reason the shale boom has been so big in the US and has struggled elsewhere.
Yes, it has been this way since inception in Argentina: the provinces own the sky and resources so it has not been beneficial per se to own those lands for individuals whenever there are resources found. In some cases there can be a cooperation between private property owners (companies) paying royalties to the province in order to extract the resources.
My Dad and grandmother were born in Chibut. My Dad came back with his parents when he was six years old. Today my husband and son and daughter do the Asado on an asador with salmoira!
Considering that Argentina and South Africa are the countries I've been reading the most about lately (for different reasons), this one really blew my mind.
Is the Milei administration actually doing something to attract skilled migrants? I mean, bringing in 100k Boers (which seems pretty feasible given the situation in South Africa and the historical connection you now bring to the table) could be a real game changer for Argentina. They’re some of the best migrants you can get.
That is something that I haven’t seen yet and think should be a top priority (but to be fair getting the economy back in order is still first, otherwise none of those skilled professionals will feel like moving here).
Fascinating. This was the best move those families ever made, in retrospect.
Definitely!
Informative historical write up, thank you.
I had no idea that Argentina did not let landowners profit from their land through oil and natural gas extraction--in the US oil and gas industry it's know as "owning to hell" and you get royalty rights with whomever offers you the cash to drill on your land. That may be a reason the shale boom has been so big in the US and has struggled elsewhere.
Yes, it has been this way since inception in Argentina: the provinces own the sky and resources so it has not been beneficial per se to own those lands for individuals whenever there are resources found. In some cases there can be a cooperation between private property owners (companies) paying royalties to the province in order to extract the resources.
My Dad and grandmother were born in Chibut. My Dad came back with his parents when he was six years old. Today my husband and son and daughter do the Asado on an asador with salmoira!
That is so cool!!
I wish I could share a photo where the are doung the asado!
My people
Considering that Argentina and South Africa are the countries I've been reading the most about lately (for different reasons), this one really blew my mind.
Is the Milei administration actually doing something to attract skilled migrants? I mean, bringing in 100k Boers (which seems pretty feasible given the situation in South Africa and the historical connection you now bring to the table) could be a real game changer for Argentina. They’re some of the best migrants you can get.
That is something that I haven’t seen yet and think should be a top priority (but to be fair getting the economy back in order is still first, otherwise none of those skilled professionals will feel like moving here).