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Agentina to expropriate oil-and-gas producer YPF SA
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  • gamebgameb

    @Fulgencio Taking control of their resources, economy and political power is basic for a country to raise head. And if you need to throw out the european or north-american blood suckers for that - ok - thats the way it goes... they won't leave for nothing anyway. After that let these countries do whatever and however they want to do. But in their own way. They don't need no opinions or judgments of arrogant occidental analysts. And if their presidents wears jewels, let them wear it. It doesn't really change anything.

  • gamebgameb

    Kirchner did very well - like other countries are doing the same thing right now on this sucked out continent. This is the only way of hope for latin american - cruelly abused by colonialism and neo-colonialism. Like here in Central America, Coca-Cola (exclusive monopol) gets the water out of the countries earth and resells it to the people their own water for $1.5 a liter. Read: Eduardo Galeanos book "The open veins of Latin America" (Las venas abiertas de Latino America) you read it like a crime novel, explains everything about this tragic hemisphere...

  • Vitaliy_KiselevVitaliy_Kiselev

    it is egomaniac populism

    I see zero logic here. As you can see, factual data shows that country really need this resources and that previous approach resulted in big money and resources loss.
    Point here not in ...isms , point is that goverment is acting in interests of the country.

  • FulgencioFulgencio

    @vitaly owned by people??? hehehe i hope you are right. i'm not a pro-capitalist.. but i think this Argentina crazy lady dressed in expensive clothes is playing a double game. is it a socialist regimen?? no! are argentinian companies being nationalized? no! it is not socialism.. it is egomaniac populism.. and double games are dangerous

  • Vitaliy_KiselevVitaliy_Kiselev

    who will invest in Argentina now? every company thinking about opening a production plant there will think it twice

    How opening production plant is related to resources that become owned by people I really do not know.
    Plus argument is pretty bad, as it had been used in almost any similar case, but reality always showed that business is pragmatic and it likes countries with soverinity.

  • FulgencioFulgencio

    i wonder if it is a good move... who will invest in Argentina now? every company thinking about opening a production plant there will think it twice

  • dtrdtr

    Iraq should get inspired by this...

  • kicapkicap

    @Vitaliy_Kiselev "I support simple practice. Oil and gas companies get only payment for their own work, I mean work for getting this resources out of the deep. But resources themselfs are property of all the people."

    This is what Malaysia is doing since 1974. We believe this is the right way. But be careful of Government turning into so much dependency on Oil and Gas company afterwards. That is what happening now too.

  • derekderek

    spanish Government say :Dont cry for me argentina. LOL

  • Vitaliy_KiselevVitaliy_Kiselev

    The Spanish government will defend national interests over oil giant Repsol after Argentina announced it intended to take over its YPF unit, Spain's ruling People's Party said on Monday.

    "The government has to decide on its response, but I dont have the slightest doubt that it will be the most appropiate response to defend national interests and Spanish interests and a sufficient and complete response to defend the interest of Spanish companies in Argentina," said the general secretary of the party, Maria Dolores Cospedal, speaking at a news conference.

    Via: http://in.reuters.com/article/2012/04/16/repsol-spain-idINE8E8EU00M20120416

    Somehow big corporation stealing resources owned by other country are making it in the national interests of Spain. It does not correlate with the shit we had been told every day on TV about proper energy market and open democracy (tm).

  • GOODEMPIREGOODEMPIRE

    I just noticed this story. I wish we could be moving in the same direction. But Rosneft has announced plans to merge with Exxon Mobil today

  • sebasp1sebasp1

    I agree problem was it seems repsol wasn't doing necessary investments, and btw we have suffered half of last year and this with oil shortage i myself had suffered this.

    What we are hearing now is a very bad response from behalf of Spain. Wish it wouldn't come to this but seeing your charts a couple days ago i realize they have a big crisis going on.

    But to blame Argentina of steeling them our own oil its madness.

  • Vitaliy_KiselevVitaliy_Kiselev

    I support simple practice. Oil and gas companies get only payment for their own work, I mean work for getting this resources out of the deep. But resources themselfs are property of all the people.

  • sebasp1sebasp1

    Yeah this was announced today at noun here and it made a bit hit on the people around me and i guess all the people in Argentina we have yet to see how this decision plays out, there is some controversy but the general concesus i think is a positive response. On the other hand Spain government seems very mad, which i think its kinda hilarious but i guess i cant expect more from a country that still has kings killing elephants.

    what i found disturbing is that they reaction so strong when a multinational company is touched yet they turn a deaf ear to its people reclaims.

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