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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
babugp
Veteran Author Philadelphia

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Message Posted: Apr 18, 2012 10:32:52 PM

cool
donnamarieb333
Veteran Author South Carolina

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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...
crazycow2332
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Message Posted: Apr 18, 2012 10:27:10 PM

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

Ok
paulydel
Champion Author Delaware

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

Sounds like us.
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.
ericbcire
Champion Author Nevada

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Message Posted: Apr 18, 2012 10:17:07 PM

Not good.
dave1745
Champion Author Gary

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Message Posted: Apr 18, 2012 10:10:37 PM

nice
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
panda317
Champion Author Tampa

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Message Posted: Apr 18, 2012 10:06:12 PM

ok
movietracker
All-Star Author Pennsylvania

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

Ok
EVBuddy
Champion Author Nevada

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

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

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

we'll see
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.........
livedream
Champion Author Michigan

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Message Posted: Apr 18, 2012 9:53:38 PM

Good for them.
walkingtall
Champion Author Toronto

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

Desperate times,desperate move.
HDFXR1991
All-Star Author Wisconsin

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Message Posted: Apr 18, 2012 9:45:50 PM

ok
raj_fl
Champion Author Trenton

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

see and let see
raj_fl
Champion Author Trenton

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

mmmmm
OKRifle
Champion Author Oklahoma City

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

And US?
raj_fl
Champion Author Trenton

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Message Posted: Apr 18, 2012 9:43:01 PM

nice and not nice
heysailor
Champion Author Pittsburgh

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Message Posted: Apr 18, 2012 9:38:15 PM

Not a wise move.
gobux10
Champion Author Ohio

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Message Posted: Apr 18, 2012 9:36:34 PM

trying
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!
jjjleblanc
Champion Author Rochester

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Message Posted: Apr 18, 2012 9:35:43 PM

Bad decision.
iceman11
Champion Author Ontario

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Message Posted: Apr 18, 2012 9:30:12 PM

ok
skyking19
Champion Author Little Rock

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

Another weird twist.
nimpy
Champion Author Indianapolis

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Message Posted: Apr 18, 2012 9:28:58 PM

we need to use our own gas
DCbeachbum
Champion Author South Carolina

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Message Posted: Apr 18, 2012 9:27:31 PM

This article makes be glad I live in the USA.
srchr
Champion Author San Jose

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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
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.
Dsin44
Champion Author Abbotsford

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Message Posted: Apr 18, 2012 9:20:29 PM

money talks
aarrrt
Champion Author San Diego

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Message Posted: Apr 18, 2012 9:16:16 PM

Argentina is heading way left. Not good for their citizens.
darkknight1
Champion Author Winston-Salem

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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.
kusanagisama
All-Star Author Texas

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Message Posted: Apr 18, 2012 9:09:42 PM

Ok.
TDIdave
Champion Author California

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Message Posted: Apr 18, 2012 9:07:13 PM

ok.
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.
captngasTN
Champion Author Tennessee

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Message Posted: Apr 18, 2012 9:05:15 PM

desparate times, desparate measures
SUSANCK
Champion Author Chicago

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Message Posted: Apr 18, 2012 9:03:55 PM

ok.
methaneman
Champion Author Minnesota

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Message Posted: Apr 18, 2012 9:03:31 PM

Maybe we should seize a few?
PoohMcGoo
Champion Author Alabama

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

Zzzzzzz
itsjustme719
Champion Author Hamilton

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

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

ok
swrestler
Champion Author Grand Rapids

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

Everybody Is Getting Rich On Oil...
danreino
Champion Author Twin Cities

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Message Posted: Apr 18, 2012 8:58:45 PM

I agree with Kaiyne from Chicago...
Kaiyne
Champion Author Chicago

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Message Posted: Apr 18, 2012 8:58:07 PM

Let's seize Argentina.
mr4bill
All-Star Author New Jersey

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Message Posted: Apr 18, 2012 8:57:48 PM

who cares
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
IUVidiot
Champion Author Indiana

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Message Posted: Apr 18, 2012 8:55:48 PM

hmmmmmmmm
JENNYHK
Champion Author Chicago

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

I liked the play.
Beaveronparade
Champion Author Hartford

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Message Posted: Apr 18, 2012 8:53:18 PM

They should not be our problem.
hoffbeck20
Veteran Author Minnesota

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Message Posted: Apr 18, 2012 8:50:14 PM

thats not good
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