MercoPress. South Atlantic News Agency
YPF dispute: Argentina runs the risk of becoming an ‘international pariah” warns Spain
Spanish officials warned Argentina on Friday that the country risks becoming “an international pariah” if it follows through on its threats to take control of Spanish-owned energy company Repsol's majority stake in its YPF unit. Read full article
Comments
Disclaimer & comment rulesMore predictable bending over by Spain.
Apr 14th, 2012 - 06:55 am - Link - Report abuse 0Argentina already is an international pariah.
Apr 14th, 2012 - 10:16 am - Link - Report abuse 0Actually i can see this easily escalating. I mean come on Spain are not about to let their biggest oil company loose half of its oil reserves without a fight and the spanish vice presidents statement about responding forcefully is a very strong and worrying statement. I bet military action is still an option firmly on spains table!
Apr 14th, 2012 - 10:35 am - Link - Report abuse 0So i say we invite spain to send its naval fleet to the falklands and allow them to resupply with men, equipment and supplies via the acension islands as clearly argentina won't risk attacking the falklands whilst the dauntless is there. Well not unless their pilots have the kamikaze mentality which we will be more than willing to aid them in satisfying. ;))))
Joking aside though, Argentina is playing a very dangerous game, they are clearly pissing of the wrong people and they will clearly be punished for it.
It is already one since 2 April 1982. Excuse me, since December 1978.
Apr 14th, 2012 - 11:00 am - Link - Report abuse 0Philippe
Does anybody seriously think that Spain will use military force on this issue?
Apr 14th, 2012 - 12:20 pm - Link - Report abuse 0They are behaving in a similar manner to CFK. Threatening words will not cut it with the Argies, but that is ALL Spain is doing.
Read the 'stand' of the EU in all this: they want Spain to back-off because it will upset the EU-LatAm trade talks.
Mediterranean peoples are tough talking histrionic types but usually do not follow up on the threats.
Very little will happen to Argentina from the rest of the world when the Mad Bitch Clan take YPF over and pocket the money.
@3 Teaboy2 - Argentina is playing a dangerous game, the problem is that's all they see it as, a game.
Apr 14th, 2012 - 12:22 pm - Link - Report abuse 0The rest of the world are playing for keeps, and before long Argentina may start making North Korea look like a socialable bunch, as they become more isolated from the world and from reality.
No matter how this plays out, Argentina will play the victim card, but this time (hopefully), like the boy who cried wolf, they'll have played it once too often.
Another point of lunacy, is that Spain was their only real ally in the EU, so by pissing them off it will make any action on the possible imposition of sanctions against Argentina easier.
Yet another messy international dispute with the potential to escalate and go badly for Argentina, to add to an already long list of such disputes.
Apr 14th, 2012 - 12:58 pm - Link - Report abuse 0War on several fronts is looming for CFK & Co.
Never mind the Falklands dispute.
On one side I can see why Argentina would target YPF, after-all they are largest company in Argentina and provide Argentina with a required resource that after much mismanagement Argentina now desperately needs. I mean artificially holding the price down when its rapidly increased worldwide is obviously not sustainable.
Apr 14th, 2012 - 01:02 pm - Link - Report abuse 0As for Spain we are seeing Argentina once again act under the orders of the moronic CFK. It's astonishing that CFK and her government can be so short sited, not only are they turning their only ally in the EU into an enemy but they are also giving warning to all foreign companies to remove their resources and shut their businesses in the country.
Everyday this story stays out there the worse it gets for Argentina, now even if CFK does decide not to do anything the damage has already been done and if she does its really the final nail in the coffin.
@5
Apr 14th, 2012 - 01:04 pm - Link - Report abuse 0Didn't Conoco, Exxon, BP, and Total lose their Venezueland fields, which are immensely far more prolific than any in Argentina?
What did the USA and UK do then? (under Bush and Blair).
Ah, that's right, nothing.
Bunch of cowards (under your own touchstone).
Tobias, there's a extremely large difference between losing a field and having your company stolen.
Apr 14th, 2012 - 01:25 pm - Link - Report abuse 0Every country has a right to withdraw rights under their framework.
So comparing the two and calling the countries cowards really makes zero sense.
That was a clumsy attempt at distorting the subject.
Who is stealing Respol?? No one, Respol remains Spanish. It is the YPF fields that are being stolen, in such a case.
Apr 14th, 2012 - 01:31 pm - Link - Report abuse 0I'm sorry, but you guys want to have it your way 100% of the time when discussing Argentina, it would be really quite annoying if I cared more to participate here every day. I do like poiting out the clownish inconsistencies of your side though. You guys (not as much you, but others on your side), will do whatever it takes to twist every single solitary piece of news to get your anti-Argentina off their chest.
You can't denationalize a company and then choose to force a renationalisation of when it suits you if you want to maintain international standards.
Apr 14th, 2012 - 01:35 pm - Link - Report abuse 0YPF is a company that looks like its likely to be forcibly removed from its legal owner.
There are no inconsistencies here, I'm afraid.
Venezuela nationalized not just oil field, but infraestructure, buildings, and workforces that were part of foreign companies. It is the same here, IF it happens (remember nothing has happened, and thus far it would be a majority stake, not full 100% take over).
Apr 14th, 2012 - 01:40 pm - Link - Report abuse 0There is no difference and you know it. Repsol would lose is investments in Argentina just like the US and UK cos. lost their in Venezuela.
And remember it was Repsol that decided to float away YPF. Originally it was merged entirely.
I'm not getting busy trying to right other wrongs or say that Venezuela did nothing wrong Tobias, there is a reason its considered a rouge state.
Apr 14th, 2012 - 01:50 pm - Link - Report abuse 0However if Argentina wishes to be considers the same by stealing the company as I said before it should just go ahead.
Tobias,
Apr 14th, 2012 - 02:34 pm - Link - Report abuse 0you seem to have a partisan take on the topic which runs counter to the best practices of worldwide business management.
It is not (just) the YPF fields that are being stolen (your words, #11) and the concessions across Argentina, it is the company itself.
Repsol 'limited its liability' by dividing its trading assets into separately managed companies.
This is standard practice in oil/gas/mining businesses where claims against the whole parent company would risk the livelihoods of hundreds of thousands of people across the whole world.
Yes, limiting liability has been abused, especially in mining wrt pollution clean-ups, but it remains best business practice.
We know Argentina CAN take over any foreign-owned company operating in Argentina, but this is nearly always 'shooting one's self in the foot'.
Even CFK would not be so overt.
It's much easier to manipulate the market to cause the value of RepsolYPF to plummet, so that the sale and withdrawal of Repsol becomes the inevitable business response.
The short, medium and long-term response by Spain, etc. will be to 'block' forever any move that Argentina makes to better her situation ..... IMF, WB, trade partnerships, UN, etc, etc.
This will not be subtle,
and it WILL destroy Argentina as a viable nation.
Argentina, there are better ways to develop your energy industries.
One of the main problems for Argentina is their President been taking far too much instruction from Venezuela. I am sure CFKC would like a one-to-one with Chavez at the Summit in Colombia but it is unlikely he will attend as he is too sick.
Apr 14th, 2012 - 02:47 pm - Link - Report abuse 0I think she has really lost the plot. She is driving the economy off a cliff and has no idea how to stop it. She has sacked a lot of her capable staff - even those who were loyal to Nestor - and surrounded herself with incompetent yes-men.
Argentina is an example of how a country would be run if you put a child in power. She is doing a good impression of 'Queenie' from Blackadder II.
Why would anyone want to model their economic future on Venezuela? I think this should become an EU issue. Sanctions need to be considered against Argentina at an EU level. Ban Aerolineas from entering Spain and Italy. Ban entry to Argentine officials to the EU à la Syria. I suppose it would be pointless making visas more difficult for Argentine citizens as from what I've seen, the well-heeled seems to have their second passports a plenty.
Apr 14th, 2012 - 03:04 pm - Link - Report abuse 0@16
Apr 14th, 2012 - 05:09 pm - Link - Report abuse 0More like the 'Queen of Hearts', The Red Queen (2010 film), from 'Alice in Wonderland'.
I just love this bit, so Mad Bitch:
The Red Queen: I need a pig here!
[Live pig is slid under her feet]
The Red Queen: I love a warm pig belly for my aching feet.
You can imagine her saying it!
@16
Apr 14th, 2012 - 05:19 pm - Link - Report abuse 0Assuming that is the case, I woudn't approve of that, but there is no evidence of it. She may be in some areas doing what has been done in Venezuela, but it is nowhere near to the same level of socialism. If she was taking really advice from Chavez, the push to nationalize would be far greater and across a broader spectrum.
But assuming it is true, what is the alternative? To follow the advice of the EU, UK, US?? These countries have absolutely no interest oin seeing a propsperous Argentina nor do they care about argentines, and Argentina knows this, which is why we don't listen to their advice.
Argentina are already an international pariah!
Apr 14th, 2012 - 05:59 pm - Link - Report abuse 0@17 - Completely CORRECT. Spain and the UK need to bring this to Brussels and put a trade embargo on Argentina. It is a rogue nation just as it was under the Junta, intimidating and stealing. While the rest of the world has been completely focused on North Korea and the Middle East, they've not noticed the growing power and arrogance of the Chavezsphere, which has sprung up like a weed right in America's backyard!
@20
Apr 14th, 2012 - 06:09 pm - Link - Report abuse 0I guess you don't like opposition to your EU/US world domination. Interesting, maybe the Chavezsphere is right. You don't care about democracy, all you care is about controlling and subjugating others.
I believe that the latest news from Spain regarding this dispute is that their media is going to lead a boycott of Argentinan meat and soya products in protest.
Apr 14th, 2012 - 06:21 pm - Link - Report abuse 0If the old regimes in EU, UK and USA drove the world for a second time into poverty, hunger and war, I think it's time we focus on Asia and Africa and turn away from chasing 'espejitos' let send the Spanish some Argentine chocolates to cheer them up, lets be honest our relationship with spain was never really that good, not too long ago they had Spanish pirates ships thefting fish from Islas Malvinas Argentina.
Apr 14th, 2012 - 06:31 pm - Link - Report abuse 0@19 CFKC speaks to Chavez on an almost daily basis - she has said this - though I suspect he is somewhat preoccupied with staying alive just now.
Apr 14th, 2012 - 07:24 pm - Link - Report abuse 0The EU/UK etc. do not desire world dominance at all, but rather to trade with countries like Argentina. Trade = wealth and influence and Britain has always followed this mantra. The problem with Argentina is that the government does not play by recognised rules and that makes them an unattractive trading partner. Argentina needs to learn to play the long-game if it is ever to grow wealthy and successful again.
A little bit of Humor: Some spanish media is saying that the Argentina wants to steal them the argentinian petrol O_O
Apr 14th, 2012 - 07:31 pm - Link - Report abuse 0It seems that the world is upside down lol
Where is the freedom for Argentina to decide what it wants to do with its petrol then?
Where is the economic freedom to decide to choose a more efficient way of producing and saying goodbye to this spanish petrol company that sells ourselves our own resources at a very high price and has invested nothing in the last years?
Those always claiming freedom may be the ones imposing restrictions and threatening and extorting. They know Argentina would buy the shares, in respect of the international law, far from being an ”international pariah”. And we should remind these spanish conservative governors that the process that allowed Repsol to buy YPF in the 90s was a very dark one, surrounded by corruption and a lack of transparency where the argentine corporate media participated as a silent protagonist.
This shows how protectionist, inefficient and extortive can these governments be... They talk about liberalism when it is about corporations, but when it comes the time to let democracies take advantage of freedom they stop liking it.
Spain's King Juan Carlos broke his hip after tripping on stairs while on an elephant hunting trip in Botswana.
Apr 14th, 2012 - 07:49 pm - Link - Report abuse 0Sorry about YPF and the elephants killed by this European King.
http://www.clarin.com/mundo/rey-Espana-operado-fractura-cadera_0_682132006.html
His finger pointing is a sure warning to Argentina,
Apr 14th, 2012 - 08:04 pm - Link - Report abuse 0If you squeeze this jaffa to far, you will get wet,
Sticky orangey wet ??
.
@ 25 - Fermin
Apr 14th, 2012 - 08:23 pm - Link - Report abuse 0“Where is the economic freedom to decide to choose a more efficient way of producing and saying goodbye to this spanish petrol company that sells ourselves our own resources at a very high price and has invested nothing in the last years?”
Really? At a really high price? No at a spectacularly low price, in fact less than half of what most of the world pays.
Investment? YPF increased investment by over 50% last year alone.
You're post is written well but grounded in zero facts and glazes over Argentina has to change its own laws to make it legal and is certainly not acceptable under international law.
Lets keep watching and see if CFK caves into Spain given its your mother country or destroys the relationship it has in Europe. In the period of about 6 months she has comprehensively destroyed Argentina's reputation on the world stage, hurried the exit of foreign investors and has in return caused a failing economy to go into terminal decline.
I do wonder if she will cave into Spanish pressure, either way this will make for entertaining viewing.
“Where is the freedom for Argentina to decide what it wants to do with its petrol then?” Fermin #25.
Apr 14th, 2012 - 09:50 pm - Link - Report abuse 0I may be wrong, but I don't think the petrol becomes the property of Argentina until it actually buys it from RepsolYPF.
Once it has bought it, Argentina can do what it wants with it .... use it, abuse it, export it, ..
Argentina can set the local buying price, restrict the export price, control re-importation .... any number of controlling practices. I guess it can't insist that it is the sole purchaser, but it can make life extremely difficult for any purchaser that wishes to bid against it.
Swingeing control of the petroleum business environment can 'kill the golden goose' just as effectively as nationalisation.
@21 - World domination? hahaha. No. That was just what Hitler wanted. Do you remember Hitler? He's the guy who's minions Argentina helped to hide.
Apr 14th, 2012 - 09:53 pm - Link - Report abuse 0We oppose TYRANNY like that which exists in countries such as Venezuela. It has nothing to do with an EU/US superiority campaign. Do we have issues with Taiwan, Japan or South Korea? No. They're thriving nations who we trade with just fine (and they have less resources than South America!). You're just upset because your idiot leaders can't stay out of trouble for more than two minutes, and a former ally of the Falklands takeover squad has turned against you.
If South America wasn't constantly putting dictators and corrupt puppets like KFC into power, there would be no issues. Maybe then, you'd stop attacking innocent island inhabitants and would kick out the cartels who have murdered thousands. Maybe then, you wouldn't be welcoming maniacs like Ahmadinejad with open arms. At least Honduras had the guts to stand up to Zelaya. Why not follow their example?
Kicked out the cartels? Not that is my problem, that is far bigger problem in Colombia and Mexico. Have you kicked out the habit?
Apr 14th, 2012 - 10:02 pm - Link - Report abuse 0You Europeans and Americans can't control your OWN behavior, you want South American countries to control it for you? Those drugs are frying your brains guys. Think before you make no sense.
Like I said elsewhere, when Europe and the USA stop the trade of drugs in your own countries, then come to us to whinge with aloofness how we can't do it.
See you in infinity.
@31 TTT,
Apr 14th, 2012 - 10:35 pm - Link - Report abuse 0For once you make sense.
Europe & America have stop the drug trade themselves.
They could if they really wanted to!
No market, no production.
They can't stop neither the consumption nor their in-country trade. How do drugs get into even the smallest communities in Europe and the USA? It is not some South American cartel... it's local. And neither Europe or the USA have been able to squash the cabotage drug trafficking.
Apr 14th, 2012 - 10:43 pm - Link - Report abuse 0To ask the Peruvians to do it in their own country is just bonkers.
Like I said elsewhere, criminalization of consumption has NEVER WORKED in the history of the world, in recorded history since ancient times. People have drank, inhaled, chewed, or injected whatever they wanted to have since ancient times, even when completely prohibited.
To criminalize behavior does tend to work because people have far more control over it and there is less of a return on action. Consumption is far harder because not only it provides enjoyment to the consumer, but many times addiction.
To make an impact on removing the drugs trade,
Apr 14th, 2012 - 11:58 pm - Link - Report abuse 0First it would help if you removed about 50% of the corrupt governments,
Removed the vastly corrupt politicians,
And the very wealthy corrupt people that buy and sell from the top,
As one guy pointed out many yonks ago, the biggest crooks in society are the white collar workers , not the blue ones,
Corruption is at the top,
Only the poor mugs and users .are at the bottom,
#33 - Well, you can pray for decriminalization of cocaine and such all you want, but it's NEVER going to happen. The Netherlands is notable for having legalized marijuana, but that may even be reversed if Geert Wilders retains his growing popularity as a leader from the right. So, instead of having pipe dreams about a global acceptance of legal drug use, you'll have to do something yourselves, or you will remain where you are. Europe definitely won't be legalizing hard drugs, as the national healthcare systems would implode. Why is it “bonkers” for Peruvians to crack down on the cartels? The government of Japan has made great strides in recent years, grinding down the business of the yakuza. Why is that so impossible for Peru? Could it be because the government gets pay-offs from these people? Like Briton said, part of the solution is REMOVING the corrupt politicians in South America, who are funded by these people. Mexico and Colombia are some of the worst culprits here. I'm not taking all blame off of Europe and the US. We have a drug problem. However, it's hard to catch out every fourteen year old loser who's using. Most of the time, these governments KNOW where the cartels operate from, and I believe if they were serious about cracking down, they could do so. Colombia shows signs of making some headway here, but Peru, Mexico, Guatemala etc. need to get involved as well.
Apr 15th, 2012 - 12:18 am - Link - Report abuse 0Just remember what happened in China when opium was forcibly legalized by the British. They're still suffering today from the effects of that. Besides, corporations would take control of it, and if there's anything we DON'T need, it's another Big Tobacco. It's unimaginable to have Big Heroin influencing government.
#25 Well said. The majority opinion on this thread, as on others, is unthinkingly on the wilder shores of right wing politics; to say a country would become an international pariah for nationalising its own natural resources, “stealing” them from a foreign private company that seems to have decided its more profitable to leave them in the ground, is undemocratic and absurd.
Apr 15th, 2012 - 01:06 am - Link - Report abuse 0#18 Well Cristina really is my Queen of Hearts =) But you seem to have a real problem with her, don't you? Don't know if your referring to the famous pork quote or just insinuating that my Queen has an arrogant demeanor? Whats your problem, don't like strong, beautiful, progressive women?
90% of the pro brits in this forum,SUCKS!
Apr 15th, 2012 - 03:57 am - Link - Report abuse 0Who cares about their opinion....
Agree with the Brit K!
The resources belong to us the people.MAy be Argentina should take the N.sea oil from uk......
@37 Lol we'll now be waiting in terror for you to show up in your rowing boat with a couple of rusty oil cans. Poor little Malvinistas and your fantasies ;)
Apr 15th, 2012 - 04:16 am - Link - Report abuse 0Another example of Argentina failing to uphold contractual law in any way. Sign away a concession... take the money... take back the concession... Sign away a concession... take the money... take back the concession... Sign away a concession... take the money... take back the concession... Sign away a concession... take the money... take back the concession... repeat ad nauseum.
Apr 15th, 2012 - 06:48 am - Link - Report abuse 0What's hilarious about this story is that the no-balls spanish just sit watching it happen, as if it's not predictable. I expected more from them.
@39 GY,
Apr 15th, 2012 - 07:32 am - Link - Report abuse 0I wouldn't put it past the crooks to have two passports.
The Argentines would have an Argentine & a Spanish passport.
The Spaniards would have a Spanish & an Argentine one.
That way they could fly the coop when the sh*t hits the fan.
Yes, l was hoping the Spanish fleet would suddenly appear off BsAs.
lt would have been funny to watch.
@37 - Haha. You couldn't even hold on to some islands right off your coast for more than a couple of days! How would you ever take North Sea oil!
Apr 15th, 2012 - 08:20 am - Link - Report abuse 0@36 You really are 99 cents short of a euro, aren't you? Argieland doesn't have any “petrol”. It may have escaped your oversized ego, but 4 star and unleaded doesn't pour out of the ground. If a “foreign” company has invested time, money and expertise locating something, then you either reimburse and pay them or you are stealing. If you want to get the OIL out of the ground and refine it, do it yourself. Anything else really IS undemocratic and absurd. But then your idea of “democratic and sensible” is communism, isn't it?
Apr 15th, 2012 - 11:45 am - Link - Report abuse 0“Strong, beautiful, progressive women”? There isn't one in South America. CFK is just a power-crazed, stupid thief. DR is a semi-retired terrorist. Don't forget that even CFK admits she puts her “face” on with a shovel.
@37 Take North Sea oil? With what? Have you got anything you can take out of the bath (assuming you know what a bath is) or can't fly until you've wound the rubber band up really tight?
But we might let you have it. After all, you'll be taking most of it from your socialist brothers and sisters in Scotland!
36 British_Kirchnerist
Apr 15th, 2012 - 01:58 pm - Link - Report abuse 0“Whats your problem, don't like strong, beautiful, progressive women?”
Absolutely love them! The problem here is the Mad Bitch has none of those attributes.
But I grant that she is not second class in everything.
I think I should list what she is world class in:
1) Obfurscation in everything she says;
2) Corruption of the highest order, just look what the boss-eyed cnut (Nestor) and the Mad Bitch have done to their personal wealth while they have been in power;
3) Deceiving the public in almost everything she says: The Falklands for one (there are no Malvinas); how 'well' the economy is doing; raiding the Central Bank because she has taken all the money she can from the pensions, et al.;
4) Playing to the heartstrings of her supporters (deluded sods like yourself) over the 'cancerous thyroid' which wasn't - it was a turkey neck smooth-out job;
5) Destroying the petro-chemical business because of her utter lack of comprehension of what getting oil and gas out of the ground consists of;
6) Shitting on her neighbours at every turn, over everything from blocking their imports to expecting them to fight the Falklanders while she and her cronies stand idly by;
7) Stuffing her cabinet with garilous mouthed imbeciles (Timmidman & the Wop 'Defence Minister'), the 'Industry Minister who makes 'laws' up as he goes along and keeps a loaded pistol on his desk during meetings with Industry Leaders AND OF COURSE the bevy of old hags put in place to make the Mad Bitch look good (if that were even remotely possible);
8) Setting up the future 'Dynasty' of FatBoy to 'inherit' the Presidency; without a vote or position in either of the houses by manipulating the constitution.
I am sure there are plenty of other non-desirable attributes that this vile person possesses that no-one in their right mind wants.
Cool pretty soon on this path we will be like USA and UK. All Argentine needs is to build weapons and sell them to UK's and US's enemy's, a few nuclear weapons will be a good start to keep them away as Russia did with Iran, Korean and Vietnam.
Apr 15th, 2012 - 03:14 pm - Link - Report abuse 0I he's and lets not forget Syria.
@44 - If you really think ANY civilized country is going to tolerate Argentina having nuclear weapons, you have been chewing on that coca leaf for too long. Vatican City has a higher likelihood of getting a weapon, launched by the Pope himself.
Apr 15th, 2012 - 04:13 pm - Link - Report abuse 0Lol who said we will be asking anyone for what is clearly a right, If Israel, Pakistan, India, North Korea and Iran have the right to build a nuclear defense program what makes you think we will be asking anyone. This things are done quietly and what makes you think we don't already have them??? Let's just say that if we need to protect ourselves from thieves, war mongers, and pirates the sky is the limit, USA didn't tell anyone and nuked japan, you think southamericans are any different?? Lol people are all the same everywhere, corner them and you will have to use force to keep them there. Good luck you will all need it, just remember what an Argentine did in Cuba and only imagen what 40000000 angry Argentine's can do, if you forgot ask USA how things went in the Bay of pigs.
Apr 15th, 2012 - 05:01 pm - Link - Report abuse 0@46 Let's have a short detour into your presumably drug-fuelled fantasy world for a moment and assume you DID have nuclear weapons, I'm sure you'd somehow manage to just blow yourselves up anyway.
Apr 15th, 2012 - 06:27 pm - Link - Report abuse 046 Pirat-Hunter
Apr 15th, 2012 - 06:33 pm - Link - Report abuse 0You are still a pratt, Pratt-Junta.
Argentina has a world leading nuclear facility for ZERO WATT REACTORS.
They manufacture radio isotopes for the treatment of cancer. And very good they are too.
They are presently ATTEMPTING a first generation nuclear reactor for the lamentable Thyssen 1700 submarine.
They are years and years away from manufacturing any form of nuclear bomb, even a rag-head version.
For pity's sake, grow a pair will you?
At this very moment in time,
Apr 15th, 2012 - 11:19 pm - Link - Report abuse 0The most powerful force Argentina has,
Is a pair of Duracell batteries?
The ones with the plastic copper top .
@49 I think you're being a bit unkind about their technology level. At the very least they have a hamster running on a wheel hooked up to a generator.
Apr 16th, 2012 - 12:03 am - Link - Report abuse 0Argentina with Nuclear weapons!-------AAAAAAAAAAARRRRRGGGGGGGGGGGGGGGGGGGGGGGHHHHHHH
Apr 16th, 2012 - 05:06 am - Link - Report abuse 0Like a 4 year old with a packet of matches in a Petrol Refinery.
Oh God Noooooooooooooooooooooooooooooooooooooooooooooooooooooooo
(well if malvinero1 & malen can do it, so can l!).
@37 Malvinero - I think a lot of the garbage that is written in these comments sucks, but I reject that those who dispute the current government in BsAs as simply doing so as pro-British. I would never consider myself “pro” a nation and certainly have many views about the excesses of Britain and its past and current policies. My concern is that Argentina's bellicose, amateur way of presenting itself and its views on the world stage is embarrassing to a people who by and large deserve a lot better.
Apr 16th, 2012 - 06:25 am - Link - Report abuse 0It is said that people get the governments they deserve but it seems the Argentine people are often deceived, duped by their politicians. CFK has embarrassed herself and her people with her ill-tempered departure from the recent summit. Brazil is sidling up to the US and the US is thinking of relaxing its visa conditions for Brazilian citizens (read shoppers) coming to the US. CFK needs to learn something from her northern neighbours and try being calm and wooing the Falkland Islanders. But not on the 30th anniversary of Argentinian aggression.
49 briton
Apr 16th, 2012 - 10:56 am - Link - Report abuse 0Well they are in one part of BA after they blew up the first transformer after the alternators at one of the local power stations. These things transorm ALL the alternator outputs up to grid voltage and take ALL the current for their leg of the grid.
It was posted on YouTube and took down after a few days.
In all my years in engineering I have never seen this before - it was just like a 2,000 lb bomb going off.
The comment from the authorities: the power may be interupted for a few days. I bet it was, they would have to make a new transformer and rebuild the terminal house before anything worked.
And these are the pratts who are going to run the oil & gas plants. Ha, ha.
…agreed
Apr 16th, 2012 - 08:48 pm - Link - Report abuse 0This is what happens when you let amateurs, mess with dangerous things, the professionals are paid for
REPSOL was a small an spanish local company 20 years ago before buying YPF, the argentine company that was acquired in a nothing transparent ambience.
Apr 17th, 2012 - 12:51 pm - Link - Report abuse 0REPSOL had the opportunity to put Spain in the club of the countries that own petrol, they build the company not only with the Argentine petrol but also with Argentine human resources.
REPSOL has the %60 of the Argentine market, and produces only the %30. It is just a group of lazy business men that do not want to produce petrol, they just want to speculate and they took Argentina to import gas and oil because of a LACK OF INVESTMENT.
I feel shame for those european workers and media-class ones that defend these type of corporations that collaborated a lot with the speculation that caused the terrible crisis that a part of Europe is going through, and are still making a lot of profit out of this crisis.
REPSOL produced every time less and earned every year more and more... they didn't want to produce anymore... they just speculated. We need a company that provides energy to the growth that Argentina has gained, a company that produces.
YPF has a lot of decades of history, Argentina has experience in producing oil, this REPSOL 20 years interlude has been a nightmare for the argentine industry.
argentina still has no right taking, what is not hers to take.
Apr 17th, 2012 - 02:25 pm - Link - Report abuse 0@56 Why not, they have previous form for it, remember 1982. Seems to be their national pass time.
Apr 17th, 2012 - 08:36 pm - Link - Report abuse 0Then she will end up losing twice as much, we fear ..
Apr 17th, 2012 - 10:22 pm - Link - Report abuse 0@ Xect: the data give is taken from REPSOL public account books themselves, where are you getting your facts?? Can you prove anything you say?
Apr 18th, 2012 - 02:51 am - Link - Report abuse 0And I doubt Spain will really take important actions in return, because Argentina has acted against the interests of a corporation that has less to do with Spain than most of the media show... The Spanish government acts as if it was something that affects spanish people, and it really doesn't, in fact Argentina growing and growing at chinese rates and increasing the import of european products is helping the spanish people more than REPSOL. This company is part of the many many speculators that left Spain and other EU countries in critical situation.
Where are all those that always talk about SELF-DETERMINATION then?? What about Argentina deciding what to do with its own oil? Only a few hours have went by since YPF intervention and they already discovered contamination in a lot of areas administrated by REPSOL.
REPSOL = inefficiency + lazy executives + casino + energetic crisis
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