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GasBuddy News Article

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Argentina Seizes 51% of Oil Producer YPF to Stem Imports

Bloomberg -- 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.


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Submitted Apr 18, 2012 By: Mudsprings
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Argentina Seizes 51% of Oil Producer YPF to Stem Imports Back to Topics
REPLIES (newest first) Post a Reply
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babugp
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Message Posted: Apr 18, 2012 10:32:52 PM

cool
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donnamarieb333
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Message Posted: Apr 18, 2012 10:27:16 PM

our gov't isn't much different anymore. while we've been saying our one vote doesn't matter the fox was hired to watch the hen house...
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crazycow2332
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Message Posted: Apr 18, 2012 10:27:10 PM

ok
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WIWalt
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Message Posted: Apr 18, 2012 10:26:27 PM

Ok
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paulydel
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Message Posted: Apr 18, 2012 10:20:33 PM

Sounds like us.
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rjoeh
Champion Author Michigan

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Message Posted: Apr 18, 2012 10:20:09 PM

If speculators were not bad enough here... not in this instance... the government is trying to do similar tricks to O.
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ericbcire
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Message Posted: Apr 18, 2012 10:17:07 PM

Not good.
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dave1745
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Message Posted: Apr 18, 2012 10:10:37 PM

nice
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MattieDale
Sophomore Author Cincinnati

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Message Posted: Apr 18, 2012 10:10:07 PM

Sounds like a future coup in the offing
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panda317
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Message Posted: Apr 18, 2012 10:06:12 PM

ok
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movietracker
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Message Posted: Apr 18, 2012 10:06:11 PM

Ok
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EVBuddy
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Message Posted: Apr 18, 2012 10:05:11 PM

This sure is far away....
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weenerdog
Champion Author Detroit

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Message Posted: Apr 18, 2012 10:04:42 PM

we'll see
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hagar2935
Veteran Author Nevada

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Message Posted: Apr 18, 2012 9:58:39 PM

Another case of idiot Socialists not realizing that investors will NOT put money into a Country where the risk of seizure by the Government will put their investments at unnecessary risk.

This is why Obama, if he could, would do the same thing and utterly destroy the confidence in America's market............... OOOPS, that's right, he already did that with GM & Chrysler........

Watch out America..... we need to be afraid of what else he will sieze.........
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livedream
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Message Posted: Apr 18, 2012 9:53:38 PM

Good for them.
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walkingtall
Champion Author Toronto

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Message Posted: Apr 18, 2012 9:52:54 PM

Desperate times,desperate move.
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HDFXR1991
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Message Posted: Apr 18, 2012 9:45:50 PM

ok
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raj_fl
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Message Posted: Apr 18, 2012 9:45:17 PM

see and let see
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raj_fl
Champion Author Trenton

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Message Posted: Apr 18, 2012 9:43:56 PM

mmmmm
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OKRifle
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Message Posted: Apr 18, 2012 9:43:19 PM

And US?
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raj_fl
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Message Posted: Apr 18, 2012 9:43:01 PM

nice and not nice
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heysailor
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Message Posted: Apr 18, 2012 9:38:15 PM

Not a wise move.
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gobux10
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Message Posted: Apr 18, 2012 9:36:34 PM

trying
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USAv8tor
Veteran Author Long Island

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Message Posted: Apr 18, 2012 9:36:09 PM

Oh please, don't cry for me Argentina. Does this mean they're going to start another Falkands War again with Great Britain? I hope the French don't sell them another batch of Exocet missiles. Crikey!
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jjjleblanc
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Message Posted: Apr 18, 2012 9:35:43 PM

Bad decision.
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iceman11
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Message Posted: Apr 18, 2012 9:30:12 PM

ok
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skyking19
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Message Posted: Apr 18, 2012 9:29:11 PM

Another weird twist.
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nimpy
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Message Posted: Apr 18, 2012 9:28:58 PM

we need to use our own gas
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DCbeachbum
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Message Posted: Apr 18, 2012 9:27:31 PM

This article makes be glad I live in the USA.
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srchr
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Message Posted: Apr 18, 2012 9:21:33 PM

they just don't get it - capitalism brings prosperity, not gov't planning
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60s-Riviera
All-Star Author Los Angeles

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Message Posted: Apr 18, 2012 9:21:13 PM

Thanks darkknight1, I never owned a Pacer but have always wanted to. I took my driving school lessons back in the 80's in old AMC Concords and they were great -- smooth, torquey inline 6-cylinder engines. Now, any AMC products are very, very rare on the roads.
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Dsin44
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Message Posted: Apr 18, 2012 9:20:29 PM

money talks
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aarrrt
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Message Posted: Apr 18, 2012 9:16:16 PM

Argentina is heading way left. Not good for their citizens.
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darkknight1
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Message Posted: Apr 18, 2012 9:10:31 PM

I agree 60s-Riviera. BTW, I like your profile pic. I had a Pacer for my first new car I ever owned.
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kusanagisama
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Message Posted: Apr 18, 2012 9:09:42 PM

Ok.
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TDIdave
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Message Posted: Apr 18, 2012 9:07:13 PM

ok.
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60s-Riviera
All-Star Author Los Angeles

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Message Posted: Apr 18, 2012 9:05:49 PM

It's amazing how liberal/socialist governments always think that they can run private industry better than free markets. Look at the old Soviet Union or East Germany if you'd like to see what that leads to -- empty stores, almost no variety in products, etc.
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captngasTN
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Message Posted: Apr 18, 2012 9:05:15 PM

desparate times, desparate measures
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SUSANCK
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Message Posted: Apr 18, 2012 9:03:55 PM

ok.
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methaneman
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Message Posted: Apr 18, 2012 9:03:31 PM

Maybe we should seize a few?
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PoohMcGoo
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Message Posted: Apr 18, 2012 9:02:56 PM

Zzzzzzz
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itsjustme719
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Message Posted: Apr 18, 2012 9:02:56 PM

Ok
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iamforiu
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Message Posted: Apr 18, 2012 9:01:09 PM

ok
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swrestler
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Message Posted: Apr 18, 2012 9:00:01 PM

Everybody Is Getting Rich On Oil...
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danreino
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Message Posted: Apr 18, 2012 8:58:45 PM

I agree with Kaiyne from Chicago...
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Kaiyne
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Message Posted: Apr 18, 2012 8:58:07 PM

Let's seize Argentina.
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mr4bill
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Message Posted: Apr 18, 2012 8:57:48 PM

who cares
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boatmen
Champion Author New York

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Message Posted: Apr 18, 2012 8:57:22 PM

at least they are able to help keep the price stable for there people
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IUVidiot
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Message Posted: Apr 18, 2012 8:55:48 PM

hmmmmmmmm
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JENNYHK
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Message Posted: Apr 18, 2012 8:53:54 PM

I liked the play.
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Beaveronparade
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Message Posted: Apr 18, 2012 8:53:18 PM

They should not be our problem.
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hoffbeck20
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Message Posted: Apr 18, 2012 8:50:14 PM

thats not good
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