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Oil - Argentina upping the ante...
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Old 16-04-2012, 22:31   #1
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Oil - Argentina upping the ante...

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The Argentine government will seize a controlling interest in oil company YPF owned by Spanish firm Repsol.

President Cristina Fernandez said a bill will be presented to the Senate allowing the government to expropriate 51% of YPF shares.
http://www.bbc.co.uk/news/business-17732910

That'll go down well in Madrid.
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Old 16-04-2012, 22:34   #2
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Re: Oil - Argentina upping the oil ante...

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Originally Posted by Osem View Post
http://www.bbc.co.uk/news/business-17732910

That'll go down well in Madrid.
She really is a idiot who is not fit to run her country.
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Old 17-04-2012, 01:39   #3
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Re: Oil - Argentina upping the ante...

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The move, announced on national television, was welcomed by her cabinet and Argentine governors.
What the heck?

Reminds me of - http://www.weeklygripe.co.uk/a338.asp
heh
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Old 17-04-2012, 10:06   #4
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Re: Oil - Argentina upping the ante...

I wonder if it'll be 'welcomed' by the foreign companies and investors her country so badly needs to keep it afloat.
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Old 17-04-2012, 10:08   #5
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Re: Oil - Argentina upping the ante...

I do not understand their motivations? Why would they want to alienate/antagonise another country? Especially one more likely to be receptive to their Falklands claim...
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Old 17-04-2012, 14:05   #6
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Re: Oil - Argentina upping the ante...

Maybe they would use YPF to drill for oil in the Falklands?

That have been taking back control of businesses they have sold off for some time now (like their national airline)

Also, I think that Spain has now joined our side in the issue of the Falklands!
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Old 17-04-2012, 14:40   #7
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Re: Oil - Argentina upping the ante...

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Originally Posted by Damien View Post
I do not understand their motivations? Why would they want to alienate/antagonise another country? Especially one more likely to be receptive to their Falklands claim...
Kirchner is a third-division amateur when it comes to geopolitics. As with the Falklands issue, this move is all about internal Argentine concerns. When it comes to foreign affairs, she seems to think all she has to do is tell other governments how she sees things and watch them fall into line behind her.
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Old 17-04-2012, 14:47   #8
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Re: Oil - Argentina upping the ante...

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Originally Posted by Chris View Post
Kirchner is a third-division amateur when it comes to geopolitics. As with the Falklands issue, this move is all about internal Argentine concerns. When it comes to foreign affairs, she seems to think all she has to do is tell other governments how she sees things and watch them fall into line behind her.
So she really is that stupid?

I don't understand the legalities of this anyway, how can a government take a controlling stake in another country's company?
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Old 17-04-2012, 14:50   #9
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Re: Oil - Argentina upping the ante...

For an example of how states can, and do, nationalise foreign-owned assets located in their territories, see "Suez Crisis".

And yes, she really is that stupid. Right now, she can't quite understand why the British delegation still hasn't turned up to talk about the Falklands.
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Old 17-04-2012, 15:48   #10
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Re: Oil - Argentina upping the ante...

She's doing what many desperate leaders have done - dredging up a populist cause in order to deflect scrutiny of her own performance and her country's internal problems. Her predecessors in the 1980s made the same mistake for the same reasons.
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Old 17-04-2012, 16:08   #11
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Re: Oil - Argentina upping the ante...

Quote:
Originally Posted by Chris View Post
Kirchner is a third-division amateur when it comes to geopolitics. As with the Falklands issue, this move is all about internal Argentine concerns. When it comes to foreign affairs, she seems to think all she has to do is tell other governments how she sees things and watch them fall into line behind her.
Thanks to her, Argentinas allies are dropping in number, which is good news for our claim to the Falklands

---------- Post added at 15:08 ---------- Previous post was at 15:02 ----------

Quote:
Originally Posted by Chris View Post
For an example of how states can, and do, nationalise foreign-owned assets located in their territories, see "Suez Crisis".

And yes, she really is that stupid. Right now, she can't quite understand why the British delegation still hasn't turned up to talk about the Falklands.
It's not the first Spainish asset to be nationalized, in 2008 they took back control of AerolĂ*neas Argentinas (Their National Airline) from Spanish based Grupo Marsans (who owned Air Comet until it went bust in 2009)

http://en.wikipedia.org/wiki/Aerol%C...:_2008-onwards
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Old 17-04-2012, 16:09   #12
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Re: Oil - Argentina upping the ante...

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Originally Posted by Alan Fry View Post
Thanks to her, Argentinas allies are dropping in number, which is good news for our claim to the Falklands
Alan the Falklands are ours full stop and thats the end of it.
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Old 17-04-2012, 16:20   #13
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Re: Oil - Argentina upping the ante...

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Alan the Falklands are ours full stop and thats the end of it.
Yes I know that, but a lot of the worse disagrees, like nearly all of South America and Spain (for now)
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Old 17-04-2012, 16:23   #14
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Re: Oil - Argentina upping the ante...

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Originally Posted by Alan Fry View Post
Yes I know that, but a lot of the worse disagrees, like nearly all of South America and Spain (for now)
But they can disagree and mouth off all they like because its all talk and nothing else.
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Old 17-04-2012, 16:29   #15
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Re: Oil - Argentina upping the ante...

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But they can disagree and mouth off all they like because its all talk and nothing else.
True, but the more people on our side the better for us
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