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White House Stunned By Argentine Oil Expropriation
IBD Editorials ^ | April 17, 2012

Posted on 04/17/2012 4:52:30 PM PDT by Kaslin

Diplomacy: After a weekend of cavorting in Colombia, the White House was caught flat-footed by Argentina's takeover of a big oil company whose loss will hike gas prices, harm Spain and slam U.S. investors. Lucky us.

Never was a response to a global outrage more mealy-mouthed than the one from the U.S. after Argentina's President Cristina Fernandez de Kirchner, standing under a portrait of Evita Peron, announced a brazen grab for YPF, the Argentine oil company that's 57% owned by Spain's Repsol.

Markets fell, world leaders denounced the violation of contracts and economically battered Spain rallied European Union support.

But the U.S.? "We are following developments on this issue. We are not currently aware of any WTO complaints related to this issue," the State Department said.

Then, leading from behind after Spain vowed a "forceful" response, Secretary of State Hillary Clinton tried to toughen up: "Having an open market is a preferable model. Models that include competition and market access have been the most successful around the world."

(Excerpt) Read more at news.investors.com ...


TOPICS: Business/Economy; Editorial; Foreign Affairs
KEYWORDS: argentina; argentinaoil; bigoil; business; clinton; colombia; dekirchner; evitaperon; falklands; fernandezdekirchner; gasprices; hillaryclinton; jamescarville; kirchner; obama; obamatrip; oil; oilcompany; oilprices; repsol; secretservice; spain; ssdistraction; ypf

1 posted on 04/17/2012 4:52:34 PM PDT by Kaslin
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To: Kaslin

Why would they protest? 0 longs to do that here.


2 posted on 04/17/2012 4:55:36 PM PDT by Mmogamer (I refudiate the lamestream media, leftists and their prevaricutions.)
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To: Kaslin

The administration couldn’t contain themselves. They were seen slobering in envy for what Argentina had done!

Maxine Waters, please, pick up the courtsey phone!


3 posted on 04/17/2012 4:56:51 PM PDT by griswold3 (Big Government does not tolerate rivals.)
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To: Kaslin

Unless it involves Black Reparations or the destruction of the United States of America, Obabma is always clueless.


4 posted on 04/17/2012 4:57:47 PM PDT by HIDEK6
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To: Kaslin

Stunned?
I would think they’d be taking notes!


5 posted on 04/17/2012 4:59:11 PM PDT by mylife (The Roar Of The Masses Could Be Farts)
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To: Kaslin
A disciple of Mao surprised by the act of a disciple of Stalin? Ya just can't make this stuff up!
6 posted on 04/17/2012 4:59:26 PM PDT by Gay State Conservative (Unlike Mrs Obama,I've Been Proud Of This Country My *Entire* Life!)
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To: Kaslin

Sunned that he didn’t think of it first


7 posted on 04/17/2012 5:02:00 PM PDT by Mr. K (If Romney wins the primary, I am writing-in PALIN)
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To: HIDEK6
Unless it involves Black Reparations or the destruction of the United States of America, Obabma is always clueless.

Not clueless,uninterested.

8 posted on 04/17/2012 5:02:35 PM PDT by Gay State Conservative (Unlike Mrs Obama,I've Been Proud Of This Country My *Entire* Life!)
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To: Kaslin
That we were apparently blindsided by this takeover, is evidence that the State Department is in vital need of reform. It predates Hillary, goes way back to Wilson's day.

If Romney wants to impress me when he gets in he can start by going through State demanding mass resignations, initiating investigations of supervisors and other careerists for malfeasnace and plain corruption.

9 posted on 04/17/2012 5:07:51 PM PDT by hinckley buzzard
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To: Kaslin

Spain gets hit while on the ropes from its long affair with democratic socialism. Obama doesn’t see it coming and has no leadership to offer when national socialists steal international corporate property.

Seems like a typical week for Hillary


10 posted on 04/17/2012 5:10:27 PM PDT by KC Burke (Newton's New First Law, Repeal and Restore!)
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To: Kaslin
Secretary of State Hillary Clinton tried to toughen up: "Having an open market is a preferable model. Models that include competition and market access have been the most successful around the world."

Isn't that the exact opposite from what Zero said just a few days ago? I seem to remember him saying that the free market has never worked.

11 posted on 04/17/2012 5:12:57 PM PDT by SunTzuWu
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To: Kaslin

O’s White House surprised by this? Really? I’m wondering if this is what Hil was lifting a bottle of beer and dancing about. Oh, and the Secret Service kerfuffle certainly was a distraction this weekend.


12 posted on 04/17/2012 5:14:25 PM PDT by Pat4ever
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To: Kaslin

Wouldn’t surprise me if Obama was also secretly aligning with China/Argentina to let China have control of Falkland Island oil.


13 posted on 04/17/2012 5:14:56 PM PDT by RushingWater (Let's have a brokered convention and page Sarah Palin)
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To: Mmogamer
Well so what?

How is this any different than GM or Chrysler?

14 posted on 04/17/2012 5:21:42 PM PDT by ptsal (E)
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To: Kaslin

You’re darned right! This is what bammy wants to do to companies here in America. Just listed to his rhetoric and tell me he is free market.


15 posted on 04/17/2012 5:22:44 PM PDT by vpintheak (Occupy your Brain!)
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To: Kaslin

John Siemens just gets better all the time.

John didn’t write this?

Oh.


16 posted on 04/17/2012 5:38:00 PM PDT by Jonty30 (What Islam and secularism have in common is that they are both death cults.)
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To: Kaslin
People don't stop for stop signs in Argentina for fear on car jacking and shanty towns are everywhere. It's a progressive’s Xanadu, imagine speeding through and looking at the poor with self-congratulatory empathy and retiring to your tiny flat behind barred windows. It's where Barry feeling belonging.
17 posted on 04/17/2012 5:41:04 PM PDT by Fitzy_888 ("ownership society")
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To: Kaslin

Nah. Outwardly stunned, secretly jealous.


18 posted on 04/17/2012 5:53:06 PM PDT by grumpygresh (Democrats delenda est; zero sera dans l'enfer bientot.)
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To: Kaslin

Stunned my hairy posterior!

Zero and Co. are trying to figure out how to take credit.


19 posted on 04/17/2012 7:01:49 PM PDT by Dr.Zoidberg (With (R)epublicans like these, who needs (D)emocrats?)
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To: Kaslin

Stunned? Don’t the fools in the White House & State Dept. read the Wall Street Journal? The WSJ had several articles saying this was coming dating back 10+ days. Not just the Secret Service is off on a party.


20 posted on 04/17/2012 7:18:18 PM PDT by RicocheT (Eat the rich only if you're certain it's your last meal)
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To: Kaslin

Stunned, my beeber. the Dems have been meddling in Argentina for so long they probably knew it was coming before Kirchner decided to do it.


21 posted on 04/17/2012 7:47:22 PM PDT by piasa (Attitude adjustments offered here free of charge)
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To: Kaslin

DECEMBER 22, 2011 : (ARGENTINA : SENATE PASSES BILL GIVING GOVERNMENT CONTROL OVER NEWSPRINT PRODUCER PAPEL PRENSA SA DURING PRESIDENT KIRCHNER’S BATTLE WITH OPPOSITION MEDIA)————Argentine Government Takes Control Of Newsprint, WSJ ^ | 12/22/11 | By SHANE ROMIG


22 posted on 04/17/2012 7:50:30 PM PDT by piasa (Attitude adjustments offered here free of charge)
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To: Kaslin

This administration is stunned when the sun rises in the east.
.


23 posted on 04/17/2012 7:54:44 PM PDT by editor-surveyor (No Federal Sales Tax - No Way!)
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DECEMBER 13, 2011 TUE : (ATLANTIC OCEAN : FALKLAND ISLANDS OIL STRIKE IN SEA LION FIELD BIGGER THAN EXPECTED ACCORDING TO EXPLORER ROCKHOPPER ... ARGENTINE PRESIDENT SURE TO BE “DEEPLY SADDENED”)


24 posted on 04/17/2012 7:58:41 PM PDT by piasa (Attitude adjustments offered here free of charge)
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To: editor-surveyor
This administration is stunned when the sun rises in the east.

They are even more stunned when they command the sun to stay at 12 o'clock high to illuminate their solar panels...and the sun says "screw you" and sets anyway.

25 posted on 04/17/2012 9:42:02 PM PDT by ProtectOurFreedom
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To: Kaslin

Unexpected!


26 posted on 04/17/2012 9:46:14 PM PDT by exit82 (Democrats are the enemies of freedom. Be Andrew Breitbart.)
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To: Kaslin
Stunned? This issue was triggered by a conversation between Cristina Kichner and Exxon president last December. REPSOL was unwilling/unable to develop the Vaca Muerta oil field, and Argentina had to import oil last year.

Exxon's president told her that Argentina was on an "ocean of oil", and Cristina Kichner answered back that the Vaca Muerta oil field was well known, but could not be exploited. Exxon's president replied that the technology is already developed.

The Catalonian, Basque nationalist and the Socialist party members who took over the board of REPSOL after 3/11 have tasted a bit of their own medicine.
27 posted on 04/17/2012 11:25:46 PM PDT by J Aguilar (Fiat Justitia et ruat coelum)
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To: Kaslin
Never was a response to a global outrage more mealy-mouthed than the one from the U.S. after Argentina's President Cristina Fernandez de Kirchner, standing under a portrait of Evita Peron, announced a brazen grab for YPF, the Argentine oil company that's 57% owned by Spain's Repsol.

That's because the Argentines upstaged the Great Anus' coup against our own oil patch.

He's still working on it here.

28 posted on 04/18/2012 12:03:19 AM PDT by Smokin' Joe (How often God must weep at humans' folly. Stand fast. God knows what He is doing)
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To: editor-surveyor
This administration is stunned when the sun rises in the east.

Probably hung over.

29 posted on 04/18/2012 12:05:29 AM PDT by Smokin' Joe (How often God must weep at humans' folly. Stand fast. God knows what He is doing)
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To: KC Burke

Maybe that was why she was dancing up a storm. She was celebrating a woman socialist kickin’ the old boys in the nutz.


30 posted on 04/18/2012 12:09:29 AM PDT by antceecee (Bless us Father.. have mercy on us and protect us from evil.)
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To: Kaslin

The White Hut was stunned I tell you, stunned!


31 posted on 04/18/2012 8:45:31 AM PDT by IbJensen (We now have a government requiring citizens prove they are insured but not that they are citizens.)
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To: Mmogamer; Kaslin
(Art.) Never was a response to a global outrage more mealy-mouthed than the one from the U.S. after Argentina's President Cristina Fernandez de Kirchner, standing under a portrait of Evita Peron, announced a brazen grab for YPF, the Argentine oil company that's 57% owned by Spain's Repsol.

Why would they protest? 0 longs to do that here.

Moreover, why are they surprised? Argentina seized their equivalent of 401(k)'s, pension funds, and IRA's in 2008; citizens got government IOU's denominated in rapidly-wasting Argentine currency, and capital controls on withdrawsals. Then the government spent it all.

See the articles at SilverBearCafe.com. (Cold link)

Obama organized hearings on doing the same thing here, a couple of years ago. Seize all the assets and roll them into Social Security ..... then everybody gets a little check periodically; they get put on the government dole, in lieu of their life's savings. And the Democrats get control of them: they can jerk people's chains anytime with talk about shutdowns and halting the printing presses because of the bad old Republicans.

Bill Clinton turned a couple of Reagan Democrats I knew into wild-eyed, fear-filled Republican-haters with that stunt. Just a twitch, a twist of the wrist from the Master ....

32 posted on 04/18/2012 8:52:36 AM PDT by lentulusgracchus
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