BP CEO Dudley: There's a Lot of Future in Argentina Shale

The transcript discusses BP's long-standing presence in Argentina and its joint ventures. It highlights the positive changes under the Macri government, such as reduced bureaucracy and increased economic potential. Despite challenges like entrenched bureaucracy and corruption, there is optimism about Argentina's future. BP is considering increasing its investment, driven by the country's natural resources and potential for self-sufficiency in natural gas.

What does the speaker mean by 'cutting through red tape' in the context of doing business in Argentina?

In what ways does the speaker believe Argentina can become self-sufficient?