MercoPress. South Atlantic News Agency
Argentine cabinet and governors insist energy self-sufficiency is the goal
Argentine President Cristina Fernández met with governors members of the Federal Organization of Hydrocarbon-producing States (OFEPHI) on Thursday evening and later in a flurry of television appearances ministers said energy self sufficiency was the target. Read full article
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Disclaimer & comment rules“Those are just rumours,” the prevaricator assured.
Apr 13th, 2012 - 08:19 am - Link - Report abuse 0cycle power
Apr 13th, 2012 - 10:38 am - Link - Report abuse 0If only they could harness all that hot air ;)
Apr 13th, 2012 - 11:41 am - Link - Report abuse 0“However industry officials say it's actually government policies, including price caps and constantly changing rules, which discourage investment in exploration and production.” Anybody surprised?
Apr 13th, 2012 - 11:59 am - Link - Report abuse 0Argie government policy. Bankrupt yourself, ensure that workers and owners “exist” below subsistence level, and tax anything left. How much is CFK's “personal wealth”, i.e. ill-gotten, i.e. stolen, gains, up to now? Last I saw she'd managed to “make” $12.7 million in 7 years!
No o/g company is going to invest the U$25 BILLION a year Arg needs to extract the shale oil for U$42-U$62 a barrel.
Apr 13th, 2012 - 01:05 pm - Link - Report abuse 0Plus it is going ot take 10 YEAR!!
The Arg fields are 30+Yrs old and are bone dry what do they plan to do for the next 10 years while these fields come on line? And that is IF they can find someone stupid enough to invest!!
Just how are they going to do this if they keep *issing off investors and not sticking with trade agreements?
Apr 13th, 2012 - 01:20 pm - Link - Report abuse 0The future looks bleak.
PS Does anyone want to buy some oil from the Falkland Islands?
Can you all say nationalize the petroleum industry ????
Apr 13th, 2012 - 01:31 pm - Link - Report abuse 0This is clearly just another furk-show courtesy of the joker-government of some failed state. Nationalising it isn't going to prevent years of failed investment caused by corporate distrust and lack of serious funding to develop the fields and technology to access the oil or gas product.
Apr 13th, 2012 - 01:51 pm - Link - Report abuse 0They're just furking with people's heads, that's all.
#8 you are right Spanish corporate is just playing with people's heads. This is why YPF is better off as a national corpotate where Argentine can keep an eye on them.
Apr 13th, 2012 - 03:01 pm - Link - Report abuse 09 Pirat-Hunter
Apr 13th, 2012 - 03:12 pm - Link - Report abuse 0And you really think the bunch of incompetent bastards KNOW about oil / gas exploration, winning and processing? Ha, ha, ha.
I really hope that the Mad Bitch carries this dead-headed plan out. It will ruin Argentina faster than anything else she has done so far.
It is as if she believes she only has to say something for it to be so! What an imbecile.
@11 You are right, she does not have a clue. She is completely out of her depth and trying to second-guess what Nestor and Evita would do. If Nestor had left a note on his bedside table saying, “Get Anusol” she would be running around claiming Pfizer belongs to Argentina.
Apr 13th, 2012 - 03:42 pm - Link - Report abuse 0At this rate even the chuckles brothers wont be able to help her .lol.
Apr 13th, 2012 - 06:22 pm - Link - Report abuse 0oil reserves know no boundaries so is this a desperate act to control YPF drilling locations as tight to falklands border in a hope to suck up falklands oil as quick as possible?
Apr 13th, 2012 - 11:42 pm - Link - Report abuse 0There are sensible and intelligent people in Argentina. Obviously. But who wants to invest with these types of monkeys running the show. Only cronies and dodgy types who are usually inept just like the government.
Apr 13th, 2012 - 11:54 pm - Link - Report abuse 0Argentina should already be if not self sufficient then most of the way there.
It must be one of the luckiest countries in the world for its abundance of natural and mineral resources per capita and yet one of the most inefficient and incapable for utilizing them.
Think of the renewable energy possibilities too! Solar, hydro, wind... Incredible!
Malvinistas. Stop whinging about the oil supply and revenue you'll miss out on (not yours to miss in the first place) in The Falklands and sort your own sh#t out you lucky, LUCKY b*st*rds!!
@14 “There are sensible and intelligent people in Argentina.”
Apr 14th, 2012 - 06:56 am - Link - Report abuse 0Are you sure? I'm not.
14 Tobers
Apr 14th, 2012 - 11:03 am - Link - Report abuse 0I agree entirely: there are sensible and intelligent people in Argentina, my next door neighbour and his family are lovely.
However, he tells me he was a non-voter at the last elections and that not many of his business and social friends will admit to voting in it either. He thought it was a waste of time because of all the corruption and vote rigging that goes on.
Apart from a bloody revolution I cannot see a way of getting this bunch of crooks out of the way.
And yes, Argentina was once fourth in the world economy, but that was in 1904, 108 years ago.
“...... energy self-sufficiency is the goal”
Apr 14th, 2012 - 12:09 pm - Link - Report abuse 0Well, the unfortunate RoR, or allowed profit, plus the low likelihood that profits will be allowed to move outside the country, means that self-sufficiency will have to be self-generated.
Majority-share o/s o/g companies will need to shift to state/Argentinian-owned o/g status, and the 'state' companies will need to learn how to extract, etc, efficiently, using money loaned to them on the world money-markets in dollar-linked loans, and repaying all loans in a timely fashion.
This will mean re-joining the rest of the world and its pricing/trading mechanisms, learning and managing the o/g/'alternatives' business from beginning to end, and accepting the practices of honest dealing - especially with Brasil.
It is a big ask,
it would need the 'reversal' of most Argentinian government practices,
but it would be so good to see it happen.
Maybe they could attach electrodes to all the Malvanistas on this site and say something along the lines of 'The Falkland's are British,'.
Apr 14th, 2012 - 12:46 pm - Link - Report abuse 0The resultant rabid indigation, apoplexy and anger could probably run Argentina's national grid for a year. ;-)
One does not wish to upset any devotees or immortals,
Apr 14th, 2012 - 07:43 pm - Link - Report abuse 0But alas there is one way for Argentina to solve its problems, perhaps.
Give up the interest in the Falklands, and vote to be run by the British, for the next 100 years,
Mmm now how does that sound,
Answers on a post card .chuckle .
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