Argentina’s Seizure of Oil Giant YPF Sparks Outrage
A YPF gas plant in Buenos Aires. (DANIEL GARCIA/AFP/Getty Images)
April 24, 2012
| Economics, Energy
| Europe, The Americas
Argentina has a history of seizing foreign property. In the early 1980s it invaded the Falkland Islands, triggering a war with Britain. Now, it has taken control of YPF, the nation’s largest oil and gas company, which is (or at least was) owned by Repsol, a Spanish energy conglomerate. While blood is not likely to be spilled this time around, LIGNET sees trouble on the horizon for the rapacious, buccaneer Buenos Aires government that shamelessly breaks contracts.

While Argentina will benefit in the short term from what amounts to theft on a grand scale, it will likely suffer a heavy price in the years to come for its rash action last week. The risk for foreign investors, already high to begin with, has now risen dramatically at a time when Argentina is in desperate economic straits. Reprisals from the European Union are a real possibility as Spain seeks to regain up to $10 billion in financial losses.

Full analysis continues for this Report. To continue reading and for Full LIGNET Access -- Click Here Now
Get Full Access Button

Get unrestricted, actionable analysis and detailed forecasting
from our dedicated team of intelligence experts.

  • Unrestricted entry to 24/7, security-encrypted,
  • Access to penetrating insider reports before you read the news in the mainstream media
  • LIGNET's Morning Brief sent straight to your inbox
  • Delivery of Urgent Action Reports when a global crisis develops
  • Elite viewing privileges to special video briefings from senior intelligence advisers
  • Critical analyses and forecasts of global and financial markets that could protect you, and your assets
  • In-depth dossiers on strategically important countries and regions of geopolitical relevance
  • Exclusive access to a network of world-class intelligence experts
  • Guarantee of Satisfaction
Full Access for $1

Gain FULL access for 30 days and discover the power of information for politics, business, finance, security and much much more.

Join Now Button
Join Now Button

PLUS Get the CIA
World Factbook FREE!
Find out how ››


Comments or questions about this article? Click here to contact us.
Login or Create New Account
Email Address:
New to LIGNET? Create New Account
GET FREE Intelligence Reports

LIGNET provides you with actionable intelligence and in-depth analyses from seasoned insiders including senior CIA officials, presidential advisors, ambassadors, and more.

Sign Up for
FREE Intelligence Reports!
Join Now
Already have an account?
Click here to log in.

Join Now
Knowledge is Power
Only if You Access it!
Upgrade to a full access account and get the official CIA World Fact Book 2014 FREE!
Upgrade Now
FREE CIA World Factbook 2013
What is LIGNET?
Powered by Newsmax
LIGNET is registered in the U.S. Patent and Trademark Office. Langley Intelligence Group Network is registered in the U.S. Patent and Trademark Office.