The next Venezuela? Argentina to nationalize oil company [Obama's Dream for America]

Christian Science Monitor ^ | 4/17/12 | Jonathan Gilbert

[SoFloFreeper]

When Argentine President Cristina Fernández de Kirchner abruptly left the Summit of the Americas, it was reported that she did so over the lack of support for her country's claim to the British-controlled Falkland Islands.

Yesterday, President Kirchner revealed another reason she returned to Buenos Aires: to announce the nationalization of the Argentine oil company, YPF, whose majority stakeholder is the Spanish energy firm, Repsol. The move has infuriated Repsol and Spanish officials, and raised concerns that this may be the first of many expropriations of privately run companies in Argentina, putting the government on the path toward a Hugo Chávez-type model of state control over key resources.

[SoFloFreeper]

The Wall Street Journal says:

"Under the proposal, which declares the petroleum industry 'of national public interest,' Argentina's federal and provincial governments would take 51% of the company, now majority owned by Repsol YPF SA of Spain."

Barack Hussein Obama would do this to every oil company in this nation if he could get away with it.

[Cold Heart]

More flexibility next term

[skinkinthegrass]

yhea... while the congressional gop whimper..

[Don Corleone]

The way that things are unraveling world wide I am beginning to think that the Mayans knew something.

[Berlin_Freeper]

“the Maldives.”

[what's up]

Apparently the South American Summit held in Columbia over the last few days was a real bust for the administration.

Everybody walked all over Obama and US policy there is in tatters.

No surprise that Argentina made this announcement today.

[The Duke]

It’s really a shame. All the Argentinians I know are just the finest people. They deserve much better. :(

[Buckeye McFrog]

It’s really a shame. All the Argentinians I know are just the finest people. They deserve much better. :(

I can say the same about all of the Venezuelans whom I've met personally. That's why they are over here. The looting hordes have taken over back home unfortunately.

[blueunicorn6]

“Don’t cry for me Argentina....just nationalize the oil industry.”

[KarlInOhio]

over the lack of support for her country's claim to the British-controlled Falkland Islands.

Are those the islands southwest of India?

[familyop]

Barter clubs are big there. Argentina is fighting socialist, global conglomerates any way that it can, and it’s no more socialist than Spain or any of the other western culture countries. European companies had monopolized and effectively outlawed all competition in Argentina. They were attracted by the simplicity and lucrative nature of the ease with which they could build and control a socialist government in Argentina to begin with. Argentina now has far smaller government per capita than any of the rest (except maybe Iceland).

Argentina’s present is likely very similar to our US future, unless we drastically cut spending on every level of government here and now and chase out the globalists.

[familyop]

"Barack Hussein Obama would do this to every oil company in this nation if he could get away with it."

He'd probably more likely bring the oil companies under the control of the world banks of various nations. Oh... Come to think of it, he's already working with the world political/regulator class on doing just that.