
Argentina is still following the long road to liberalisation. But the country’s new energy minister, Javier Iguacel, is promising to make it a less tortuous journey.
“There’ll be no more agreements [on fuel prices],” Iguacel told Bloomberg earlier this week. “It’s a free market,” he added. This contrasts with his predecessor, Juan Jose Aranguren, who attempted to reverse engineer a market through a cocktail of production-based incentives and consumer shocks.
Iguacel’s promise of staying out of the economics has reassured some pundits. There was...
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