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Guest Post: The Energy Showdown In Argentina

Tyler Durden's picture





 

Submitted by Jen Alic of OilPrice.com,

Angering Spain by seizing and nationalizing a majority of Repsol’s shares in YPF and ramping up the rhetoric over the Falkland Islands as exploration deals promise to make the territory a major oil player overnight, Argentina is making few friends in the fossil fuels industry these days. Sam Logan, owner of the Latin America-focused private intelligence boutique, Southern Pulse, speaks to Oilprice.com about the politics of populism behind Argentina’s energy aggression.

Samuel Logan is the founding partner of Southern Pulse, a private human intelligence organization focused on investigating security, politics, energy, and black market economics in Latin America. Southern Pulse investigators operate from hubs in Mexico, El Salvador, Colombia, Brazil, and Chile to leverage Southern Pulse’s HUMINT network, unique access, and deep understanding of the region to mitigate risk for public and private sector clients with exposure to political, security, financial, or legal risk in Latin America.

In the interview Sam Talks about:

•    Why Carlos Slim bought shares in YPF
•    Why Argentina won’t take any definitive action in the Falklands
•    Why things will get worse for energy firms in Argentina
•    Argentina’s brewing political crisis
•    Argentina’s future relationship with Spain

Interview conducted by Jen Alic of Oilprice.com

Oilprice.com: In April, Argentina nationalized Spanish Repsol’s shares in YPF and now shareholders have approved a move that could see a sharp cut in dividend payouts and a redirection of profits to investment. This is in line with President Cristina Fernandez de Kirchner’s justification for nationalizing Repsol’s shares in YPF. She had accused Repsol of fleecing YPF by using too much of its profits for shareholder benefits rather than investing in exploration and turning Argentina into an importer of fuel. Will this essentially political and economic populism help or harm Argentina?

Sam Logan: While there are certainly short-term gains to be realized, the long-term effects of the Argentina-Spain relationship and Argentina’s relationship with other oil majors will result in significant setbacks in investment confidence and overall appetite for working with the Argentine government.

Oilprice.com: What we would like to know is what is missing from this story and what role certain vested interests, such as the Eskenazi family (minority YPF shareholders brought on by the Kirchners who later defaulted on their Repsol loans) and Carlos Slim, have played in the YPF saga.

Sam Logan: The Eskenazi family really took a hit from this action. When brought on board by the Kirchners, they took out loans to buy their stakeholder position in YPF. The payback on those loans was based partially on dividend payments. So the Kirchner nationalization and subsequent decision on dividends has left them in default. Carlos Slim, who got 8% of YPF when Eskenazi defaulted, was simply making a personal investment, not a political statement. When you're the world's richest man, it's not particularly risky to make low-value purchases and hold them long term to see if they pan out.

Oilprice.com: Populism is also at play in Argentina’s renewed push over the Falkland Islands. Last week, Premier signed a $1 billion deal develop Rockhopper Exploration’s Sea Lion field in the Falkland Islands and Argentina is threatening to sue Premier for illegal activity. How will this play out for Argentina, and for big oil? What can we expect in the near- medium-term?

Sam Logan: The Argentine lawsuit will move forward and the UK firms will ignore the action, but BP could get caught in the crossfire as a UK firm with holdings in Argentina. Already we've seen Kirchner's administration apply pressure to BP.

Oilprice.com: How are oil and the Falklands used as symbols of national sovereignty in Argentina?

Sam Logan: The Falklands have long been used as symbols in Argentina, and this is an issue that crosses party lines so there is more political currency available for the Falklands issue across the Argentine political spectrum. There could be more saber rattling, but at this point I don't see the Argentine government taking definitive action.

Oilprice.com: Would you agree that at the heart of the matter is Argentina’s misguided energy policy, in place since 2003?

Sam Logan: It's not just energy. This is more about Argentina's overall economic policies and the steadily increasing economic pressures the Kirchner government is facing. Inflation, currency controls and price controls on gasoline all play a huge role in this market, which extends well beyond the recent actions with YPF. Let's not forget that until recently Argentina was a natural gas exporter. Due to a long-term political negligence and mismanagement of infrastructure, Argentina is dependent on multinational energy firms to develop deposits and other known reserves - not to mention the potential for hydraulic fracturing. Ultimately, the irrational behavior Argentina has shown against multinational energy firms underscores a brewing political crisis that shows little to no sign of abatement in the near-term. It's likely to get worse for energy firms in Argentina before it gets better.

 


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Thu, 07/26/2012 - 19:35 | Link to Comment Debtless
Debtless's picture

Those are some sweet Boca Juniors there.

Thu, 07/26/2012 - 19:51 | Link to Comment azzhatter
azzhatter's picture

Twin peaks

Thu, 07/26/2012 - 19:53 | Link to Comment lewy14
lewy14's picture

I'll take my "Energy Showdown" with her. Wouldn't mind losing.

Thu, 07/26/2012 - 20:46 | Link to Comment Ray1968
Ray1968's picture

If you've ever been to Argentina you know the pussy is simply amazing there.

Thu, 07/26/2012 - 21:16 | Link to Comment Yes_Questions
Yes_Questions's picture

 

 

 

ring....ring...

Mr. Heffner?

Yes.

USA needs some help in the world cup stands, pronto!!

Fri, 07/27/2012 - 00:12 | Link to Comment 12ToothAssassin
12ToothAssassin's picture

DUPED AGAIN! 

 

I clicked for a larger view of the thumbnail.

Thu, 07/26/2012 - 21:55 | Link to Comment iDealMeat
iDealMeat's picture

BaaaaHaaaaaHaaaaa......  HA!    Love the chick from the USA!    Good Form..

Thu, 07/26/2012 - 21:57 | Link to Comment Freddie
Freddie's picture

LOL!  Bieber is a Canadian.  He is not America - he can actually complete a sentence. Lots of hot chicks in those pics.

Thu, 07/26/2012 - 22:43 | Link to Comment economics9698
economics9698's picture

Killer tits.

Fri, 07/27/2012 - 00:04 | Link to Comment NewThor
NewThor's picture

KILLER CORONAL MASS EJECTION! 

nah. probably not, 

but zerohedge and this lady got a nod in today's sun doom

video

http://www.youtube.com/watch?v=HFDTT95kttE&feature=youtu.be

Fri, 07/27/2012 - 18:31 | Link to Comment UP Forester
UP Forester's picture

Who's this Bieber, and why do you know so much about it?

Fri, 07/27/2012 - 09:01 | Link to Comment Whatta
Whatta's picture

lol....beiber, what a jagoff

Fri, 07/27/2012 - 09:49 | Link to Comment GMadScientist
GMadScientist's picture

Ah, Argentinian girls...all those Nazi genes hybridized into beauty.

Thu, 07/26/2012 - 22:08 | Link to Comment Dingleberry
Dingleberry's picture

The next time the Argentines want to invade the Falklands....just have those babes land first. Shots may be fired...but not from a gun!

Thu, 07/26/2012 - 22:29 | Link to Comment ISEEIT
ISEEIT's picture

Wish it was that amazingly simple. Our culture, globally is fucked.

Thu, 07/26/2012 - 20:27 | Link to Comment GoldRulesPaperDrools
GoldRulesPaperDrools's picture

She had `operating handles` too, so you could steer her left and right! :P

Thu, 07/26/2012 - 19:56 | Link to Comment Global Hunter
Global Hunter's picture

and this Newell's Old Boy would like to...

Thu, 07/26/2012 - 20:08 | Link to Comment dark pools of soros
dark pools of soros's picture

I believe those racing stripes make her go an extra 20hp

Thu, 07/26/2012 - 23:27 | Link to Comment Mentaliusanything
Mentaliusanything's picture

Is that 20 Humps per Hour (confused)?

Thu, 07/26/2012 - 20:41 | Link to Comment AbelCatalyst
AbelCatalyst's picture

My kingdom to be the right elbow of the man standing next to her... If only for a moment!!

Thu, 07/26/2012 - 22:03 | Link to Comment Buck Johnson
Buck Johnson's picture

That woman was hot as hell, love to be cheering with her in private.

Thu, 07/26/2012 - 23:23 | Link to Comment Id fight Gandhi
Id fight Gandhi's picture

Boobies and braids. Who else clicked because of those.

Fri, 07/27/2012 - 06:27 | Link to Comment spankfish
spankfish's picture

Soccer hooligan.

Fri, 07/27/2012 - 06:40 | Link to Comment ExitStageLeft
Fri, 07/27/2012 - 08:39 | Link to Comment whaletail
whaletail's picture

I'd like to Messi those Patagonias. 

Thu, 07/26/2012 - 19:36 | Link to Comment jomama
jomama's picture

9/10 would do.

Thu, 07/26/2012 - 19:36 | Link to Comment Frastric
Frastric's picture

Shame on you Tyler for using images of beautiful woman to lure readers into guest posts only to find said image not in the article... That's what fricking mainstream websites do...

But she was pretty...

 

Thu, 07/26/2012 - 19:38 | Link to Comment resurger
resurger's picture

fuck yeah! she got my attention +1

Thu, 07/26/2012 - 21:07 | Link to Comment Blano
Blano's picture

No doubt....that's just not fair.  My latina addiction doesn't help either.

Thu, 07/26/2012 - 21:38 | Link to Comment THX 1178
THX 1178's picture

Yeah! What is this Business Insider!? JEEEP!!

Thu, 07/26/2012 - 22:33 | Link to Comment Henry Chinaski
Henry Chinaski's picture

What article?

Thu, 07/26/2012 - 19:37 | Link to Comment Rusty.Shackleford
Rusty.Shackleford's picture

I also came for the babe

Thu, 07/26/2012 - 19:47 | Link to Comment ihedgemyhedges
ihedgemyhedges's picture

Yeah but I bet you couldn't make that babe come for you...........

Thu, 07/26/2012 - 20:10 | Link to Comment NewThor
NewThor's picture

Not true. No woman is out of my league. It's good to be amazing.

Thu, 07/26/2012 - 20:21 | Link to Comment JenkinsLane
JenkinsLane's picture

Sorry, I have to go now, I'm wanted back on Planet Earth.

Thu, 07/26/2012 - 21:29 | Link to Comment Rusty.Shackleford
Rusty.Shackleford's picture

Poochie the rockin' dog?

Thu, 07/26/2012 - 21:07 | Link to Comment Blano
Blano's picture

Whatever drugs you are taking, please share.

Thu, 07/26/2012 - 22:04 | Link to Comment post turtle saver
post turtle saver's picture

Viagra is readily available.

Fri, 07/27/2012 - 09:51 | Link to Comment GMadScientist
GMadScientist's picture

We know you could get any woman you want.

 

But you prefer men.

Fri, 07/27/2012 - 12:35 | Link to Comment MisterMousePotato
MisterMousePotato's picture

I can have any woman I please.

(Problem is ... .)

Thu, 07/26/2012 - 21:30 | Link to Comment Rusty.Shackleford
Rusty.Shackleford's picture

YOU'D BETTER HEDGE THAT BET THEN, 

Thu, 07/26/2012 - 19:38 | Link to Comment Tippoo Sultan
Tippoo Sultan's picture

Clearly, Cristina has never read "Atlas Shrugged."

Thu, 07/26/2012 - 19:56 | Link to Comment nmewn
Thu, 07/26/2012 - 21:59 | Link to Comment Freddie
Freddie's picture

Argentina has been a kleptocracy from Peronism (socialism) for 60+ years.   They were about the 8th wealthiest country in the world back around WW2.  They have ground into poverty under the kleptocracy.  The women sure are nice though.

Thu, 07/26/2012 - 22:25 | Link to Comment nmewn
nmewn's picture

I've always held affection for Argetinians...but theres a breakdown in their "idea" of a leader is that has always perplexed me.

Its always haphazard when trying to dissect SA countries but Argentinia has always been (to me) a cross between Mussolini & pre-Castro Cuba.

Both bad, requiring a strongman at the top, completely narcissistic & corrupt.

Fri, 07/27/2012 - 09:02 | Link to Comment Chaos_Theory
Chaos_Theory's picture

The only reason she is el Presidente is that her dead husband was el Presidente first.  The only part of her that is "technocratic" is her vajayjay.

Thu, 07/26/2012 - 19:38 | Link to Comment DoChenRollingBearing
DoChenRollingBearing's picture

I won't cry for you, Argentina.

Thu, 07/26/2012 - 19:38 | Link to Comment resurger
resurger's picture

Where is the chick?!

Thu, 07/26/2012 - 19:40 | Link to Comment disabledvet
disabledvet's picture

Who is this gaucho amigo? Why is he standing in your Spangled leather poncho? With the stars that match your eyes. Bodacious cowboys...such as your friend...will never be welcome here, high in the Custerdome.

Thu, 07/26/2012 - 22:38 | Link to Comment NuckingFuts
NuckingFuts's picture

Ahh.... a Dan Fan. +1

Thu, 07/26/2012 - 19:47 | Link to Comment Simon Endean
Simon Endean's picture

I hereby claim drilling rights to the girl in the picture.  Not to worry, though,  I promise to disappoint her quickly and release her, so the markets should be fine.

Thu, 07/26/2012 - 19:50 | Link to Comment nmewn
nmewn's picture

DoChen beat me to it.

Thu, 07/26/2012 - 19:52 | Link to Comment Global Hunter
Global Hunter's picture

DoChen is in Peru sometimes in the past I have read, wondered if you were Uruguayan when I read it :)

Thu, 07/26/2012 - 20:04 | Link to Comment nmewn
nmewn's picture

Yes he is...I'm 100% Florida cracker ;-)

Thu, 07/26/2012 - 19:50 | Link to Comment Global Hunter
Global Hunter's picture

I really dig the picture of that Argentinian lass at the footy match, its just good.  I suppose I'll go read the article now.

Thu, 07/26/2012 - 19:53 | Link to Comment Global Hunter
Global Hunter's picture

I love my wife but I also LOVE South and Central American women.

Thu, 07/26/2012 - 20:47 | Link to Comment Silver Alert
Silver Alert's picture

I knew that if I scrolled down far enough someone would have a link.

Thu, 07/26/2012 - 19:55 | Link to Comment q99x2
q99x2's picture

Kick their asses President Cristina Fernandez de Kirchner. You rock.

If you ever get bored down there you can come to the US. We need a president.

Thu, 07/26/2012 - 20:05 | Link to Comment krispkritter
krispkritter's picture

No doubt she has bigger balls than the current one...

Thu, 07/26/2012 - 20:16 | Link to Comment nmewn
nmewn's picture

ROTFL!!!

She didn't build those on her own!!!...somewhere along the line there was a plastic surgeon...or a teacher (Peron) who built those for her!!!

Fri, 07/27/2012 - 09:54 | Link to Comment GMadScientist
GMadScientist's picture

Along those lines...

http://www.popsci.com/technology/article/2012-07/army-will-test-body-arm...

I'm hoping for DARPA video of "testing" on trampolines.

Thu, 07/26/2012 - 20:01 | Link to Comment francis_sawyer
francis_sawyer's picture

Since fuu (you know ~ the monkey pointing a pistol at you), has SELF NOMINATED himself the 'blog content' police emeritus at ZH... (which entitles said bearer to hand out 'STFU' cards whenever he pleases)... I'm wondering where he is now in objecting to (or encouraging) all the deep & thought provoking commentary that this thread so richly contains...

We're all waiting for weighty & self righteous analysis on this subject so that we all may know how to properly think in the future...

tick, tick, tick, tick...

Thu, 07/26/2012 - 20:50 | Link to Comment fuu
fuu's picture

I'd like to thank the academy.

Thu, 07/26/2012 - 21:16 | Link to Comment francis_sawyer
francis_sawyer's picture

That's all u got to say?... Please, for the sake of all your [mind controlled] fans & the academy... Shower us with some thought provoking hyperbole... The very fate of 'The Energy Showdown in Argentina' requires your eloquent verbage to render it to a point where it makes sense (beyond bra size)...

For that matter ~ where's all the indignant responses by the female representation of ZH (being as the MOST NOMINATED reason for clicking on the article was, by admission, in the hopes of gratuitous T&A)?...

I guess that will be coming in 5...4...3...2...

 

Thu, 07/26/2012 - 22:23 | Link to Comment francis_sawyer
francis_sawyer's picture

Musical accompaniment (for above)... For those who need such things to become verily entertained...

~~~

http://www.youtube.com/watch?v=RTOQUnvI3CA

(& congrats on your self awarded green arrow... put that in your trophy case along with the TWO you received the other day when you undoubtedly logged in under your 2nd username)... As they say in Chicago... "Vote early, vote often"...

"Logic is an enemy & TRUTH is a menace"

http://www.youtube.com/watch?v=EXzQD2SRESs&feature=related

Thu, 07/26/2012 - 23:29 | Link to Comment francis_sawyer
francis_sawyer's picture

Awww man...

Since the fucking fuu-fighters blow anyway... & since francis_sawyer doesn't want to get too off topic (on thread of 'The ENERGY SHOWDOWN in Argentina')... All I have left to offer for the evening, in Argentina & energy related, is a little AC/DC energy snippet (which should also satisfy the T&A fans out there ~ of which the ladies seem indifferent heretofore)...

~~~ (cue 1:05:50 for maximum effect)

http://www.youtube.com/watch?v=7hqOrLz63bw&feature=related

 

Thu, 07/26/2012 - 20:04 | Link to Comment 4 wheel drift
4 wheel drift's picture

yeah... argentinean women are beautiful....   no question.

 

but the prettier they are, the stupider her politians are....    and this de Kirchener, is probably @ the top of the pile

unexplainable, how such a rich country can fuck up this big....

 

do you know how argentineans commit suicide ?

.

.

.

.

.

..

.

.

.

..

.

.

.

.

they climb up their ego and throw themselves off of it.

Thu, 07/26/2012 - 20:22 | Link to Comment THE DORK OF CORK
THE DORK OF CORK's picture

In America you are populist

In the UK populist becomes "unsound"

Europe is a far worse energy place if these colonies truely kick back.

Has anybody seen the UK energy / population data recently ?

Its paints a very dark  Malthusian picture.

See figure 2

http://www.ons.gov.uk/ons/dcp171778_270487.pdf

 

 

There appears to be demand destruction manifesting itself in the UK electricity figures.
First quarter fell 3.4% at 99.5Twh vs 103.1 Twh (this puts the hyped onshore wind contribution of 3.4Twh is some perspective despite much winder conditions when compared to the anticyclone cold winter of Y2010)

This is the lowest first quarter electricity consumption figures since 1998 despite a much higher population.

There has also been a dramatic shift to coal vs Gas because of high Gas prices.
Coals electricity contribution
Y2010 Q1 : 32.63 TwH
Y2011 Q1 : 35.13 TwH
Y2012 Q1 : 42.05 TwH

Gas electricity contribution
Y2010 Q1 : 48.24 TwH
Y2011 Q1 : 38.34 TwH
Y2012 Q1 : 26.68 TwH

So much for that carbon thingy.

Nuclear despite its lack of investment for decades continues to beat the wind stuff and its erratic supply.
Y2010 Q1 :18.18 TwH
Y2011 Q1 :19.45 TwH
Y2012 Q1 :17.20 TwH

Wind (total offshore & on)
Y2010 Q1 : 2.45 TwH
Y2011 Q1 : 3.36 TwH
Y2012 Q1 : 5.22 TwH…….. the increase is because of the variable North Atlantic Jetstream adding TwHs more then anything else in my opinion)

Thu, 07/26/2012 - 21:33 | Link to Comment disabledvet
disabledvet's picture

Malthus believed that there were too many people and not enough planet to support them...6 billion people ago. This data...which is absolutely fascinating btw and i thank you for reporting it...shows both just how unprecedented this downturn is and also how "getting out of it" will be a "long hard slog" indeed. The USA has experienced a similar downturn...which has kept prices for electricity in check going on two decades now. This type of price stability along with a tremendous boom in energy production...especially natural gas...has created a rather surprising industrial and chemical boom in a still otherwise wrecked...if not economy then certainly polity. Throw in a total re-ordering of the entire health care complex and what appears to be a century long commitment to the Middle East and whatever they gots going on down in the Washington DC should continue to be more than just a little provocative.

Fri, 07/27/2012 - 06:37 | Link to Comment prole
prole's picture

Century long commitment to the "middle east?" Are you getting married? What does that mean?

Fri, 07/27/2012 - 09:57 | Link to Comment GMadScientist
GMadScientist's picture

Okay, when do you think we'll have troops out of that region entirely?

Thu, 07/26/2012 - 20:17 | Link to Comment 4 wheel drift
4 wheel drift's picture

Oilprice.com: In April, Argentina nationalized Spanish Repsol’s shares in YPF and now shareholders have approved a move that could see a sharp cut in dividend payouts and a redirection of profits to investment. This is in line with President Cristina Fernandez de Kirchner’s justification for nationalizing Repsol’s shares in YPF. She had accused Repsol of fleecing YPF by using too much of its profits for shareholder benefits rather than investing in exploration and turning Argentina into an importer of fuel. Will this essentially political and economic populism help or harm Argentina?

 

lmao...   shock of all shocks....   the company was actually giving the benefit to those taking the risk.... and this commie bitch comes and steals it from the rightful owners....   amazing....  this is a criminal openly stealing based on the decision of an individual..... using the "powers of a corrupt government".

a holcaust is the only possible solution....   sear off the fucking comies of all colors, nationalities, religions, sexes, and sexual affiliations and start all over.

Thu, 07/26/2012 - 20:38 | Link to Comment El_Puerco
El_Puerco's picture

 

Oil it is for the region....If you want a piece of action, move there and enjoy the view...jaja 

 

 

 

              ¡H  O  M  B  R  E !

 

Fri, 07/27/2012 - 01:13 | Link to Comment CrashisOptimistic
CrashisOptimistic's picture

Just as an FYI, not a single drop of oil has been discovered in exploration drilling there so far.  One of about 5 wells found natural gas with some liquids, and not much of that.

It's all BBOE bullshit again.  Barrels of Oil Equivalent, which is euphemism for "all we found was some $3 natural gas and no $100/barrel oil".  Each well costs about $120 million to drill.

The "deal" with Premiere ballyhooed is purely exploration.  It is a dice roll and it's a dice roll to drill in a geologic region where P50 (50/50 odds) say maybe 230 million barrels.  Not billion.  Million.

Look, people, another lesson on oil and geology.

"INVESTMENT" in oil lingo is drilling.  When Kirchner gets upset that Repsol wasn't "INVESTING" enoung money, what she's whining about is Repsol would not drill smaller and smaller bubbles. 

Simply that.  Smaller bubbles of oil bearing rock.  The big bubbles have been pumped.  She gets a royalty on barrels that come out of the ground.  She doesn't give a shit what it costs to get that barrel out.  If they drill a $100 million well to get $50 million of oil out, she doesn't care.  She gets her tax revenue/royalty on the $50 million that came out.

Repsol DID care about that.  That's why they would not feed YPF money.  THEY don't give a shit if Argentina oil production falls and they have to import.  THEY have to make a profit.

And so, welcome to "INVESTMENT" in the world of oil.  INVESTMENT means money to drill smaller bubbles.

This is a big thing for Argentina.  It is a HUGE thing for Russia.  When Russia doesn't get $23 billion, the world loses 1-2 mbpd.

 

Fri, 07/27/2012 - 01:14 | Link to Comment CrashisOptimistic
CrashisOptimistic's picture

Sorry, no idea how all those blank lines got in.  Fixed.

Thu, 07/26/2012 - 20:42 | Link to Comment Milestones
Milestones's picture

I have spend about 1 1/2 years of the past 8 years in Bs As mostly, and in my opinion Sam is full of shit. He is talking 1980's analysis of the situation at hand. South America has about had it's fill of USA/ Europe domination. I don't see anyway, if England starts anything with Argentina, how they can succeed in defense of the Falkland islands for any length of time. England is fucked unless ole Sammy sticks it nose in somewhere else that is none of our business--which of course we will promptly do.             Milestones

Thu, 07/26/2012 - 21:01 | Link to Comment AurorusBorealus
AurorusBorealus's picture

This is correct.  When assets were purchased and valued in funny money, printed at will by central banks, why should Argentina, or any other country, seize their resources.  This has nothing to do with "free market" economics and everything to do with Sovereignty.

Thu, 07/26/2012 - 21:16 | Link to Comment nmewn
nmewn's picture

Who approved the rights in the first place? Argentina.

Argentina did much the same thing with individual retirement accounts...make a contract/pact...then renig. I wouldn't touch anything "legal & binding" coming out of there with Hugo Chavez's dick ;-)

http://online.wsj.com/article/SB122471757680560465.html

Thu, 07/26/2012 - 21:41 | Link to Comment Milestones
Milestones's picture

Nor would I with a 4 year old UNSIGNED article.      Milestones    p.s. mostly like your stuff.

Thu, 07/26/2012 - 22:45 | Link to Comment nmewn
nmewn's picture

lol...and I yours.

I chose a longer dated "article" to add some long range context as to what has been going on down there for a while.

You know as well as I do the state (Argentina) seizes private assets (2001 & 2008 for example) whenever the need arises for it to do so.

Its what democratic socialists do ;-)

Thu, 07/26/2012 - 21:44 | Link to Comment Milestones
Milestones's picture

Nor would I with a 4 year old UNSIGNED article.      Milestones    p.s. mostly like your stuff.

Thu, 07/26/2012 - 20:46 | Link to Comment Yes_Questions
Yes_Questions's picture

 

 

Aye, Ella es mi esposa !!

Senora Si Preguntas

 

ok, maybe not.

 

what was this post about?

Thu, 07/26/2012 - 20:51 | Link to Comment 4 wheel drift
4 wheel drift's picture

Aye, Ella es mi esposa !!

 

en tus [wet] sueños....

 

-lol

Thu, 07/26/2012 - 20:59 | Link to Comment Yes_Questions
Yes_Questions's picture

 

 

Ha!

+uno

Thu, 07/26/2012 - 20:51 | Link to Comment EvlTheCat
EvlTheCat's picture

She probably had a dick at one time, knowing Argentina. :p

Thu, 07/26/2012 - 20:56 | Link to Comment El_Puerco
El_Puerco's picture

You mean,  P R O S T I P U T O?...Noooo, she is real to me.....jajaja

Thu, 07/26/2012 - 21:05 | Link to Comment Yes_Questions
Yes_Questions's picture

 

 

That's just wong

Thu, 07/26/2012 - 21:11 | Link to Comment Blano
Blano's picture

As long as she doesn't now, who cares??

Thu, 07/26/2012 - 21:22 | Link to Comment EvlTheCat
EvlTheCat's picture

All in good fun people.  Lighten up..

Thu, 07/26/2012 - 22:27 | Link to Comment davood
davood's picture

The only energy showdown is in Sam Logan's figment of wishful hoping, owner of the Latin America-focused "private intelligence boutique," aka the hired hands of the economic hitmen of the IMF/WB/NGOs/etc.

Blackwater with intelligence? /sarc

http://www.rt.com/news/war-latin-spring-coup-peru-151/

Thu, 07/26/2012 - 22:04 | Link to Comment Yohimbo
Yohimbo's picture

what was this article about? Back button, here we go

Thu, 07/26/2012 - 22:12 | Link to Comment woolybear1
woolybear1's picture

The Argentines are nice people. Lovely women who wear almost no makeup, they don't need it. Their system is corrupt, it probably won't change in our lives. One thing I found hilarious about them as a nation: everyone goes to a shrink.

Thu, 07/26/2012 - 22:32 | Link to Comment FRBNYrCROOKS
FRBNYrCROOKS's picture

I didn't read the article but, I think the, pumped up, bitch with the pig tails wants to have sex with me!!!!!! I know her girlfriend would kill me but, I think miss pigtails wants me to grab those pigtails, one in each hand, and hit her from behind while she is on her knees. She is, totally, digging me right now. 

Fri, 07/27/2012 - 10:38 | Link to Comment Tortuga
Tortuga's picture

Get a grip man. Oh, sorry. Later.

Thu, 07/26/2012 - 23:25 | Link to Comment Hallpass2012
Hallpass2012's picture

wow, I am off to Argentina to get some ladies like that!

Fri, 07/27/2012 - 10:53 | Link to Comment 4horse
4horse's picture

yeh. follow-your-dreams

 

follow-yer-leaders . . .

 

follow___fannie
wilbur mills
mark sanford
http://btx3.wordpress.com/2009/06/28/king-david-and-the-argentine-firecracker/

http://www.laht.com/article.asp?ArticleId=533074&CategoryId=14093

 

who can, do
who can't, talk

v o l u m e s

http://ipsnoticias.net/fotos/Pola_Oloixarac_CarolinaCampsIPS.jpg

 

gitsum: follow your heart on

Thu, 07/26/2012 - 23:36 | Link to Comment Money Squid
Money Squid's picture

Shiiiiiiiiiiiit. I only clicked on this article to see if there was another pic of the hotty. I was hoping her blue and white stripes were painted on. But, no. I had to be tricked. I want my money back.

Fri, 07/27/2012 - 00:50 | Link to Comment pherron2
pherron2's picture

Thanks for the admission, I don't feel nearly as shallow as I did, & it even lessens my disappointment that said photo is lacking. :)

Fri, 07/27/2012 - 10:37 | Link to Comment Tortuga
Tortuga's picture

Me too. However, I embrace my shallowness, beautiful women do that to me.

 

Fri, 07/27/2012 - 00:50 | Link to Comment suckerfishzilla
suckerfishzilla's picture

If people aren't permitted to produce hemp fuels go right on ahead and nationalize oil interests.  If that's what you want to do with your life I won't stand in your way.

Fri, 07/27/2012 - 02:26 | Link to Comment Joe A
Joe A's picture

Gentlemen, gentlemen! Shall we stay on topic? Uuuuh, what was the topic again?

Fri, 07/27/2012 - 04:00 | Link to Comment silverdragon
silverdragon's picture

The Tylers have now learned that we care more about hot babes than understanding what is going on.

Lets hope all articles have a hot babes as the kicker in the future.

Fri, 07/27/2012 - 10:36 | Link to Comment Tortuga
Tortuga's picture

Well hey, she did look as good as that greek jumper, huh?

Fri, 07/27/2012 - 07:06 | Link to Comment overmedicatedun...
overmedicatedundersexed's picture

another (if needed) example of why Government is the real energy problem, not supply.

USA has the most natural energy supply the world has known, but gov has blocked it use.

coal, oil, nat gas, and if it had balls Nuke. but we twiddle and eventually will starve as the gov shuts down it all.

Fri, 07/27/2012 - 10:35 | Link to Comment Tortuga
Tortuga's picture

Geez, overmed, one of our founding documents states, We the People, etc.etc.... Aren't we the government?

Fri, 07/27/2012 - 07:33 | Link to Comment youngman
youngman's picture

I had dinner with a friend last night here in Colombia..he has a house in Buenos Aires...with Kirchners new laws he can not sell it and get his money out...that capital is stuck in a dying economy...he says she passes a new tax every week....she uses the Falklands to take the heat off the economy....and her problems...its to bad..its a beautiful country...nice people...gret meat and wine...but socialist politicians....who say its all free..all for free...well its not...

Fri, 07/27/2012 - 07:52 | Link to Comment Davalicious
Davalicious's picture

The Eskenazi family is Jewish. President Kirchner is Jewish.

The Eskenazi family was handed their 25% stake in YPF for free when Repsol was forced to allocate them their shares in return for a promise to pay for them down the road with profits from dividends. You read above, in this propoganda piece, that Kirchner complained that Repsol had jacked up dividends. This was forced on Repsol so that the Eskenazi family could have an income to "pay" for their shares. What a sweatheart deal! As I understand it, the eberniezers still haven't paid for their shares. And this article is pretending they are taking a hit.

Unfortunately the Argentinian people have been dominated by Jews in their government, media and courts. Like France, it is another country which has fallen under Jewish power. So Jewish Kirchner beats the war drum to distract the native population while she continues to rob them blind.

I am disappointed in Tyler for publishing this, especially with tits, to confound the readers. But I read that Tyler is Jewish. So perhaps I shouldn't have been surprised.

Fri, 07/27/2012 - 10:33 | Link to Comment Tortuga
Tortuga's picture

It's the jooooos. Lock up the women and children or run for the hills. What a crock. If it was gentiles that had been in power ( you know, like the ones that held power prior to the joooos, would it still be a conspiracy?). The elitists running Argentina are nothing but gangsters, there are more than likely 10 or 12 other gangs jockying to get power and will at one time or another. There is no hope for Argentina until the rule of law comes back. Same for the UK, another gang with ties to the royal family and the USA, where both political gangs are owned/ho's, by the wall street gangs. It ain't the jooos bub, it's the criminals.

Fri, 07/27/2012 - 11:16 | Link to Comment 4horse
4horse's picture

If Tyler[s] . . .

then nothing

 

 

 

nothing. and nada, yadda yadda preemptively yet another psyop site

a prescient alibi setup to suckup trickleddown nickel'n'dimes

and why there is never an answer otherwise

 

 

 

.

Fri, 07/27/2012 - 09:10 | Link to Comment Chaos_Theory
Chaos_Theory's picture

Well it's obvious that Argentina is where the Weapons of Mass Distraction are, plus there's gold in them thar hills, so...

Operation MASS INEBRIATED LADIES FREEDOM is the correct choice. 

Do NOT follow this link or you will be banned from the site!