Argentina: Oil industry fearful of tariffs' freezing as suggested by Alberto Fernandez advisors

Friday, October 11th 2019 - 09:58 UTC

Full article 8 comments

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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tallison46
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
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Enrique Massot
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
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tallison46
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
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golfcronie
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
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imoyaro
Not to worry Kamerad/Komrade, your creditors will be happy to take all the oil you produce as payment for you ever spiraling debt...

https://media.pri.org/s3fs-public/styles/story_main/public/story/images/xi_kissenger.jpg?itok=efxwC6Aj
Oct 13th, 2019 - 05:34 am - Link - Report abuse 0
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Enrique Massot
T46

“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.
Oct 14th, 2019 - 10:19 pm - Link - Report abuse -1
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tallison46
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 today
Oct 15th, 2019 - 12:05 am - Link - Report abuse 0
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golfcronie
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?
It will take very many years before Argentina becomes solvent and you and I will not be alive to see it.
Oct 16th, 2019 - 04:39 pm - Link - Report abuse 0
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