Skip to comments.The next Venezuela? Argentina to nationalize oil company [Obama's Dream for America]
Posted on 04/17/2012 11:17:52 AM PDT by 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.
(Excerpt) Read more at csmonitor.com ...
"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.
More flexibility next term
The way that things are unraveling world wide I am beginning to think that the Mayans knew something.
Everybody walked all over Obama and US policy there is in tatters.
No surprise that Argentina made this announcement today.
It’s really a shame. All the Argentinians I know are just the finest people. They deserve much better. :(
“Don’t cry for me Argentina....just nationalize the oil industry.”
Are those the islands southwest of India?
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.
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