Argentina's front-running candidate for president, Alberto Fernandez, has been asked by advisors within his left-leaning coalition to freeze natural gas and power tariffs and to peg oil product prices to pesos instead of dollars as measures to contain inflation and spur economic growth. Read full article
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It would appear that if Fernandez listens to his advisors Argentina will take a giant step backwards.... If I were the voters I'd leave Macri for another term.... but we'll see what they do soon enough.....Oct 11th, 2019 - 10:20 am - Link - Report abuse +2
If energy companies, to be successful, need to be allowed to increase natural gas and power tariffs at dollar increase rates, then something is wrong with it and needs to be corrected. Argentines, with rare exceptions, earn their wages in pesos. Macri allowed surrealistic increases that chastised not only citizens, but small, medium size and even large enterprises. And before MP's usual suspects jump in with their usual contempt for undisciplined Argentines, be aware that in developed countries, energy prices are closely watched/regulated, and wild increases such as that in Argentina and Ecuador would never be allowed to happen -- point.Oct 12th, 2019 - 02:56 am - Link - Report abuse -1
Money is Money Argentina won't set the world market... and they can't live in a vacuum successfully for any length of time....Oct 12th, 2019 - 03:13 am - Link - Report abuse +1
EM If Argentina invested and encouraged foreign investment and consequently produce more through productivity then the price will come down. You need to have a good maintenance program in place and refurbish old equipment. When I was in Argentina every nodding donkey was spewing out oil as the seals were degraded.Probably more oil around the sites than sand.Oct 12th, 2019 - 02:37 pm - Link - Report abuse 0
Not to worry Kamerad/Komrade, your creditors will be happy to take all the oil you produce as payment for you ever spiraling debt...Oct 13th, 2019 - 05:34 am - Link - Report abuse 0
T46Oct 14th, 2019 - 10:19 pm - Link - Report abuse -1
If I were the voters I'd leave Macri for another term.
I would be interested in learning about the reasons for electing Mauricio Macri for another four years.
Massot, you can't change directions everytime the wind blows and expect anything positive. There is little self discipline or cohesive progress by the government and the people todayOct 15th, 2019 - 12:05 am - Link - Report abuse 0
EM Tell us oh wise one, who nationalised YPF and were Repsol happy with Cristinas decision. Who would invest in the Oil Industry if they see that the next President or Cristina will come to power and again renegrade on their license? Who was it that defaulted on their debt in 2001?Oct 16th, 2019 - 04:39 pm - Link - Report abuse 0
It will take very many years before Argentina becomes solvent and you and I will not be alive to see it.