Krasnov Gives 20 Billion Dollar Bailout To Argentina

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12. Scott Bessent, per Argentine reports, has both investments and a lover in Argentina

So he definitely has an oar in this one.

As for Cheeto - he's reportedly eyeing Argentina's state-owned oil firm, YPF.

Its stock has been in the doldrums for years - thanks mostly to British vulture fund lawsuits (they want YPF too) - but it's sitting on about a third of the third-largest unconventional oil and gas field in the world, Vaca Muerta.

Vaca Muerta ('dead cow' in Spanish) already accounts for 2/3 of Argentina's oil and gas output - and unlike many such fields (which must be fracked), it's located in a remote, almost-unpopulated corner of the country.

When it was discovered in 2011, the business press largely wrote it off as "uneconomical" and "unlikely to ever be developed - thanks to Argentina's state intervention (at the time)."

Fast-forward to today, and they're pumping out 820,000 barrels of oil a day and 112 million cubic meters day of gas; were Vaca Muerta its own country, it would rank about number 20 in each - and it's still growing.

So you know El Cheeto (and the Brits) want it.