Argentina Nationalised YPF Gas Company - Re: The Coming War With Argentina

[Alex]

And now I know why an aircraft carrier was sent to the South Atlantic. Their gas company is Spanish
owned, and the Argentinians want to use it to benefit their own economy
instead of Spain's.

Another war for property.

http://www.bbc.co.uk/news/world-latin-america-17794340

European Parliament condemns Argentina's YPF nationalisation
20 April 2012 Last updated at 20:54 GMT

Members of the European Parliament have condemned Argentina's decision to nationalise the
Spanish-controlled oil company YPF.

They said the move was "an attack on the exercise of free enterprise".

They also demanded that the European Commission take action against Buenos Aires at the World Trade
Organization.

Spain meanwhile announced its first retaliatory step, saying it would promote Spanish biodiesel fuel
production to reduce Argentine imports.

'Not worried'

Deputy Prime Minister Soraya Saenz de Santamaria said Spain was considering further political and
diplomatic measures in retaliation for Argentina's decision to take control of 51% of YPF.

Argentine officials have said they are not worried about possible reprisals.

Argentine President Cristina Fernandez de Kirchner announced the measure on Monday, saying she was
asserting sovereignty over Argentina's energy resources.

The move has wide support in Argentina but has provoked outrage in Spain, which has threatened
reprisals.

Repsol has said it wants around $10bn for its stake in YPF, but Argentina has said it does not
accept that valuation.

It says YPF did not invest enough to increase output from its oil fields, forcing Argentina to rely
on imports.

YPF, Argentina's biggest oil company, was privatised in 1993.

Last year it announced huge new finds of shale oil and gas.


"Alex" <avdeelen.R...@ziggo.nl> schreef in bericht news:...
> http://www.globalresearch.ca/index.php?context=va&aid=29169
>
> Argentina Appeals To UN Over British Military Buildup In South Atlantic
> by Global Research News
> Global Research, February 9, 2012
>
> On February 7 Argentine President Cristina Fernandez accused Britain of militarizing the South
> Atlantic Ocean by deploying a cutting-edge warship and a nuclear-powered submarine off the coast
of
> the Falklands Islands, known to Argentina and the rest of Latin America as Las Malvinas.
>
> She pledged to seek assistance at the United Nations to remove British military forces from the
> region, warning that the heightened British military presence risks a potential clash between the
> two countries.
>
> London recently announced that it was dispatching the HMS Dauntless, a Type 45 destroyer,
Britain's
> newest and most advanced warship, to the Falklands as well as a Trafalgar class nuclear-powered
> submarine equipped with Tomahawk cruise missiles and Spearfish torpedoes. Another Type 45
destroyer,
> HMS Daring, was recently deployed to the Persian Gulf where two U.S. aircraft carriers, USS Carl
> Vinson and USS Abraham Lincoln, and their strike groups are also deployed, with the USS Enterprise
> carrier strike group to join them.
>
> The British destroyer and submarine will reinforce Typhoon warplanes of the sort used against
Libya
> last year, an air base with radar, a patrol frigate and a garrison of 1,700 soldiers, the latter
> almost the number of civilian inhabitants of the Falklands.
>
> The deployment of Prince William on a military mission to the islands late last week further
> antagonized Argentina, with President Fernandez describing the royal scion as being garbed in the
> "uniform of a conquistador."
>
> Rick Rozoff contributed to this report.
>
> Global Research Articles by Global Research News
>
>