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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 | 2655055 Debtless
Debtless's picture

Those are some sweet Boca Juniors there.

Thu, 07/26/2012 - 19:51 | 2655091 azzhatter
azzhatter's picture

Twin peaks

Thu, 07/26/2012 - 19:53 | 2655098 lewy14
lewy14's picture

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

Thu, 07/26/2012 - 20:46 | 2655214 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 | 2655295 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 | 2655545 12ToothAssassin
12ToothAssassin's picture

DUPED AGAIN! 

 

I clicked for a larger view of the thumbnail.

Thu, 07/26/2012 - 21:55 | 2655363 iDealMeat
iDealMeat's picture

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

Thu, 07/26/2012 - 21:57 | 2655371 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 | 2655439 economics9698
economics9698's picture

Killer tits.

Fri, 07/27/2012 - 00:04 | 2655531 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 | 2658211 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 | 2656043 Whatta
Whatta's picture

lol....beiber, what a jagoff

Fri, 07/27/2012 - 09:49 | 2656259 GMadScientist
GMadScientist's picture

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

Thu, 07/26/2012 - 22:08 | 2655394 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 | 2655422 ISEEIT
ISEEIT's picture

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

Thu, 07/26/2012 - 20:27 | 2655177 GoldRulesPaperDrools
GoldRulesPaperDrools's picture

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

Thu, 07/26/2012 - 19:56 | 2655102 Global Hunter
Global Hunter's picture

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

Thu, 07/26/2012 - 20:08 | 2655131 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 | 2655493 Mentaliusanything
Mentaliusanything's picture

Is that 20 Humps per Hour (confused)?

Thu, 07/26/2012 - 20:41 | 2655205 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 | 2655387 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 | 2655490 Id fight Gandhi
Id fight Gandhi's picture

Boobies and braids. Who else clicked because of those.

Fri, 07/27/2012 - 06:27 | 2655724 spankfish
spankfish's picture

Soccer hooligan.

Fri, 07/27/2012 - 06:40 | 2655736 ExitStageLeft
Fri, 07/27/2012 - 08:39 | 2655976 whaletail
whaletail's picture

I'd like to Messi those Patagonias. 

Thu, 07/26/2012 - 19:36 | 2655056 jomama
jomama's picture

9/10 would do.

Thu, 07/26/2012 - 19:36 | 2655057 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 | 2655065 resurger
resurger's picture

fuck yeah! she got my attention +1

Thu, 07/26/2012 - 21:07 | 2655276 Blano
Blano's picture

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

Thu, 07/26/2012 - 21:38 | 2655336 THX 1178
THX 1178's picture

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

Thu, 07/26/2012 - 22:33 | 2655427 Henry Chinaski
Henry Chinaski's picture

What article?

Thu, 07/26/2012 - 19:37 | 2655058 Rusty.Shackleford
Rusty.Shackleford's picture

I also came for the babe

Thu, 07/26/2012 - 19:47 | 2655081 ihedgemyhedges
ihedgemyhedges's picture

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

Thu, 07/26/2012 - 20:10 | 2655138 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 | 2655163 JenkinsLane
JenkinsLane's picture

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

Thu, 07/26/2012 - 21:29 | 2655319 Rusty.Shackleford
Rusty.Shackleford's picture

Poochie the rockin' dog?

Thu, 07/26/2012 - 21:07 | 2655278 Blano
Blano's picture

Whatever drugs you are taking, please share.

Thu, 07/26/2012 - 22:04 | 2655389 post turtle saver
post turtle saver's picture

Viagra is readily available.

Fri, 07/27/2012 - 09:51 | 2656266 GMadScientist
GMadScientist's picture

We know you could get any woman you want.

 

But you prefer men.

Fri, 07/27/2012 - 12:35 | 2657030 MisterMousePotato
MisterMousePotato's picture

I can have any woman I please.

(Problem is ... .)

Thu, 07/26/2012 - 21:30 | 2655321 Rusty.Shackleford
Rusty.Shackleford's picture

YOU'D BETTER HEDGE THAT BET THEN, 

Thu, 07/26/2012 - 19:38 | 2655060 Tippoo Sultan
Tippoo Sultan's picture

Clearly, Cristina has never read "Atlas Shrugged."

Thu, 07/26/2012 - 19:56 | 2655105 nmewn
Thu, 07/26/2012 - 21:59 | 2655378 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 | 2655415 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 | 2656049 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 | 2655061 DoChenRollingBearing
DoChenRollingBearing's picture

I won't cry for you, Argentina.

Thu, 07/26/2012 - 19:38 | 2655062 resurger
resurger's picture

Where is the chick?!

Thu, 07/26/2012 - 19:40 | 2655069 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 | 2655434 NuckingFuts
NuckingFuts's picture

Ahh.... a Dan Fan. +1

Thu, 07/26/2012 - 19:47 | 2655082 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 | 2655085 nmewn
nmewn's picture

DoChen beat me to it.

Thu, 07/26/2012 - 19:52 | 2655093 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 | 2655124 nmewn
nmewn's picture

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

Thu, 07/26/2012 - 19:50 | 2655088 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 | 2655099 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 | 2655218 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 | 2655100 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 | 2655129 krispkritter
krispkritter's picture

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

Thu, 07/26/2012 - 20:16 | 2655150 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 | 2656271 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 | 2655109 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 | 2655230 fuu
fuu's picture

I'd like to thank the academy.

Thu, 07/26/2012 - 21:16 | 2655294 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 | 2655316 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 | 2655494 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 | 2655126 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 | 2655144 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 | 2655325 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 | 2655733 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 | 2656286 GMadScientist
GMadScientist's picture

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

Thu, 07/26/2012 - 20:17 | 2655152 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 | 2655201 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 | 2655547 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 | 2655592 CrashisOptimistic
CrashisOptimistic's picture

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

Thu, 07/26/2012 - 20:42 | 2655207 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 | 2655260 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 | 2655293 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 | 2655341 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 | 2655440 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 | 2655346 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 | 2655216 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 | 2655234 4 wheel drift
4 wheel drift's picture

Aye, Ella es mi esposa !!

 

en tus [wet] sueños....

 

-lol

Thu, 07/26/2012 - 20:59 | 2655256 Yes_Questions
Yes_Questions's picture

 

 

Ha!

+uno

Thu, 07/26/2012 - 20:51 | 2655235 EvlTheCat
EvlTheCat's picture

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

Thu, 07/26/2012 - 20:56 | 2655248 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 | 2655273 Yes_Questions
Yes_Questions's picture

 

 

That's just wong

Thu, 07/26/2012 - 21:11 | 2655283 Blano
Blano's picture

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

Thu, 07/26/2012 - 21:22 | 2655304 EvlTheCat
EvlTheCat's picture

All in good fun people.  Lighten up..

Thu, 07/26/2012 - 22:27 | 2655326 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 | 2655388 Yohimbo
Yohimbo's picture

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

Thu, 07/26/2012 - 22:12 | 2655397 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 | 2655425 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 | 2656479 Tortuga
Tortuga's picture

Get a grip man. Oh, sorry. Later.

Thu, 07/26/2012 - 23:25 | 2655491 Hallpass2012
Hallpass2012's picture

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

Fri, 07/27/2012 - 10:53 | 2656530 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 | 2655508 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 | 2655568 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 | 2656476 Tortuga
Tortuga's picture

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

 

Fri, 07/27/2012 - 00:50 | 2655571 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 | 2655632 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 | 2655667 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 | 2656470 Tortuga
Tortuga's picture

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

Fri, 07/27/2012 - 07:06 | 2655769 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 | 2656467 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 | 2655820 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 | 2655834 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 | 2656460 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 | 2656630 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 | 2656068 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!