WORLD
Argentina's oil takeover riles investors
April 17, 2012
April 17, 2012
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CONTINUED...
provoking an energy crisis by exporting too much of Argentina's oil and failing to invest locally even as it paid huge dividends abroad.
Re-nationalizing YPF is a gamble that could boost her popularity ratings, which dropped from 70 percent in January to 50 percent in April, according to the Poliarquia tracking poll, following a scandal involving her vice president, soaring inflation, a cooling economy, reductions in utility and transportation subsidies and a deadly train crash.
Crowds turned out Tuesday to cheer the move, including a group that briefly invaded a YPF plant in La Plata and replaced a Repsol flag
provoking an energy crisis by exporting too much of Argentina's oil and failing to invest locally even as it paid huge dividends abroad.
Re-nationalizing YPF is a gamble that could boost her popularity ratings, which dropped from 70 percent in January to 50 percent in April, according to the Poliarquia tracking poll, following a scandal involving her vice president, soaring inflation, a cooling economy, reductions in utility and transportation subsidies and a deadly train crash.
Crowds turned out Tuesday to cheer the move, including a group that briefly invaded a YPF plant in La Plata and replaced a Repsol flag
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