Argentina Gets Increasingly Desperate and Irrational, Seizes Private Oil Assets
17 April 2012, 09:19 AM
#1
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Argentina Gets Increasingly Desperate and Irrational, Seizes Private Oil Assets
Oh dear.
http://www.bloomberg.com/news/2012-0...m-imports.html
Argentina Seizes 51% of Oil Producer YPF to Stem Imports
By Rodrigo Orihuela - Apr 17, 2012 9:48 AM GMT
Argentina’s seizure of YPF SA (YPFD) threatens to take the country further away from its goal of energy self-sufficiency as investors weigh the increased risk of expropriation in South America’s second-biggest economy.
President Cristina Fernandez de Kirchner named Planning Minister Julio De Vido to head the oil company with immediate effect and is sending a bill to Congress to take a 51 percent stake after oil imports doubled. Argentina, which wants to produce enough crude to match consumption, risks becoming “unviable” as a country because of the surge in imports, Fernandez said yesterday.
The seizure of the stake from Madrid-based Repsol YPF SA (REP) comes after more than two months of government pressure on YPF (YPF) because of slumping production.
And something else quite recently on a similar note: http://news.investors.com/article/59...ts-freedom.htm
And again: http://online.wsj.com/article/SB1000...291330838.html
http://www.bloomberg.com/news/2012-0...m-imports.html
Argentina Seizes 51% of Oil Producer YPF to Stem Imports
By Rodrigo Orihuela - Apr 17, 2012 9:48 AM GMT
Argentina’s seizure of YPF SA (YPFD) threatens to take the country further away from its goal of energy self-sufficiency as investors weigh the increased risk of expropriation in South America’s second-biggest economy.
President Cristina Fernandez de Kirchner named Planning Minister Julio De Vido to head the oil company with immediate effect and is sending a bill to Congress to take a 51 percent stake after oil imports doubled. Argentina, which wants to produce enough crude to match consumption, risks becoming “unviable” as a country because of the surge in imports, Fernandez said yesterday.
The seizure of the stake from Madrid-based Repsol YPF SA (REP) comes after more than two months of government pressure on YPF (YPF) because of slumping production.
And something else quite recently on a similar note: http://news.investors.com/article/59...ts-freedom.htm
And again: http://online.wsj.com/article/SB1000...291330838.html
Last edited by GlesgaKiss; 17 April 2012 at 10:18 AM.
17 April 2012, 09:53 AM
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Doubt very much if we could ever mobilise such a task force again, we just don't have the resources anymore and the cost to the nation would be prohibitive. I expect the Argies know this as well.
17 April 2012, 09:56 AM
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17 April 2012, 09:59 AM
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Repsol is currently down more than 5%. Trading of YPF shares has been suspended in Argentina.
http://online.wsj.com/article/BT-CO-...iddleHeadlines
http://online.wsj.com/article/BT-CO-...iddleHeadlines
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17 April 2012, 10:13 AM
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Quite a leap for Argentina to go from taking assets within their own jurisdiction to attempting to seize Falklands' assets under British protection, though.
17 April 2012, 04:34 PM
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17 April 2012, 05:08 PM
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she`s probably just looking to get re-elected, and yes they are after the falklands again, i think they are hoping we will back down because of the lack of aircraft carriers etc, how many we got ??? is it one or two lol
17 April 2012, 05:52 PM
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as above, they have **** all planes, and most of the stuff they have hasnt changed from the last time they invaded, cant see them invading
all smoke and mirrors to try and hide the bad situation they have got themselves in
all smoke and mirrors to try and hide the bad situation they have got themselves in
17 April 2012, 06:19 PM
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We don't need a task force this time
We have a fecking great big properly defended airbase, and enough C130s, C5s and Tristars to transport all the equipment and troops the Argies would ever want to face 
Plus we have a nuclear submarine and a missile destroyer on permanent station in the South Atlantic
In answer to the main question though; Yes, I'd slip her one
We have a fecking great big properly defended airbase, and enough C130s, C5s and Tristars to transport all the equipment and troops the Argies would ever want to face Plus we have a nuclear submarine and a missile destroyer on permanent station in the South Atlantic
In answer to the main question though; Yes, I'd slip her one
17 April 2012, 07:51 PM
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It's turning back into some fascist state.
I do wonder if they are trying to politicise oil and gas with a view to further asserting claims over the Falklands or at least the Falklands resources?
I do wonder if they are trying to politicise oil and gas with a view to further asserting claims over the Falklands or at least the Falklands resources?
17 April 2012, 08:01 PM
#16
We don't need a task force this time We have a fecking great big properly defended airbase, and enough C130s, C5s and Tristars to transport all the equipment and troops the Argies would ever want to face
Plus we have a nuclear submarine and a missile destroyer on permanent station in the South Atlantic
In answer to the main question though; Yes, I'd slip her one
We have a fecking great big properly defended airbase, and enough C130s, C5s and Tristars to transport all the equipment and troops the Argies would ever want to face Plus we have a nuclear submarine and a missile destroyer on permanent station in the South Atlantic
In answer to the main question though; Yes, I'd slip her one
Maybe a big stiff one up the wrongun is what she needs to help her unwind.
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