Shell defies in court Argentine government ban on fuel increases

Sunday, August 22nd 2010 - 04:28 UTC

Full article 15 comments

Royal Dutch Shell which refines about 15% of Argentina’s fuel is waging a court battle against a government ban that prevents fuel producers from increasing prices. Shell’s federal court complaint was filed last week following a government order on August 18 mandating oil companies to lower fuel prices to a pre-August 1 level. Read full article

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Think
This will be an interesting battle........
Needless to say that my money is on Argentina :-)))
Aug 22nd, 2010 - 10:42 am - Link - Report abuse 0
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harrier61
For what that's worth..........!
”Argentina went through steady inflation from 1975 to 1991. At the beginning of 1975, the highest denomination was 1,000 pesos. In late 1976, the highest denomination was 5,000 pesos. In early 1979, the highest denomination was 10,000 pesos. By the end of 1981, the highest denomination was 1,000,000 pesos. In the 1983 currency reform, 1 Peso argentino was exchanged for 10,000 pesos. In the 1985 currency reform, 1 austral was exchanged for 1,000 pesos argentinos. In the 1992 currency reform, 1 new peso was exchanged for 10,000 australes. The overall impact of hyperinflation: 1 (1992) peso = 100,000,000,000 pre-1983 pesos.”
Aug 22nd, 2010 - 12:23 pm - Link - Report abuse 0
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fredbdc
When the judges are controlled by the Ks of course they will win. Obviously the gov't wants it and is trying to drive Shell out of the country so they get it for free. Just like they have doen with teh water company, airlines, telephones, the list goes on and on.
Then they wonder why no one will invest in the country. Stupid Stupid people.
Aug 22nd, 2010 - 01:43 pm - Link - Report abuse 0
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briton
perhaps royal shell should remove its self from argentina, and re locate to either, falklands./ chile./brazil./ mars./ anywere but the argies.
Aug 22nd, 2010 - 08:45 pm - Link - Report abuse 0
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Billy Hayes
come on miners come on; you can resist; my heart is with you
Aug 23rd, 2010 - 03:34 am - Link - Report abuse 0
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Hoytred
you've lost me there Billy :-)
Aug 23rd, 2010 - 06:08 am - Link - Report abuse 0
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Cadfael
Chile, much more honest people.
Aug 23rd, 2010 - 09:23 am - Link - Report abuse 0
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briton
viva Argentina rulers of the concealed world , land you cant find, and islands you don’t own, viva Argentina, the lost child who wont play, cant play, unless you did it there way, poor Argentina no friends except Billy two shoes ?? Marco polo and think cap.
Aug 24th, 2010 - 08:43 pm - Link - Report abuse 0
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avargas2001
bye bye Shell, we will not miss your fuel witch has too much lead that pollutes and it's too costly for something that already belongs to Argentine nationals, go go go and be quiet on the way out, or else there might be some millions of dollars in fines to pay, by the way we don't need all this pirats in Argentina, we have enought in Malvinas.
Aug 25th, 2010 - 05:57 pm - Link - Report abuse 0
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harrier61
Just a thought for Shell.

If you find it necessary to leave Argentina, do not forget to destroy or demolish everything before you leave.
Aug 25th, 2010 - 07:01 pm - Link - Report abuse 0
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briton
when the argies are living with candles she might think again
Aug 25th, 2010 - 10:54 pm - Link - Report abuse 0
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Beef
CFK is trying to bolster her (or her husbands) positon before the election and having a go at a big multi national is all she can do to divert attention from her failures. She is also trying to stop those failures from being published and her authoritain nature is on show for everyone to see.

An insecure and scared rabbit in the headlights. Laughable really.
Aug 26th, 2010 - 01:32 pm - Link - Report abuse 0
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briton
she knows she will be forgotton, ignored by the jetset community,
but hey she has a friend in the American lady
Aug 26th, 2010 - 09:49 pm - Link - Report abuse 0
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avargas2001
I hear Mr. President Hugo Chaves might be interested in buying up shell consetions in an Argentine government auction, but I think Argentina should nationalized the energy industry, airline and trains, this Argentine president is the best strategyst Argentina has ever had.
Aug 27th, 2010 - 10:16 am - Link - Report abuse 0
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briton
chaves might even buy ARGENTNA, that would be a turn up for the books ??
Aug 27th, 2010 - 09:47 pm - Link - Report abuse 0
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