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Posted by Besoeker 2012-04-17 11:04||
#9 It's a Spanish company, right?
Posted by Thing From Snowy Mountain 2012-04-17 12:01||
#10 Ah, now I understand. A Spanish company owned a majority stake in it.
Posted by Thing From Snowy Mountain 2012-04-17 12:02||
#11 This is why the Kirchners want the Falklands (and perhaps also the Maldives) -- it's the oil, silly, and they want to do what Hugo did in Venezuela, which is to use the national oil company as a personal open-draw bank account. To do that you actually need to have oil, which the Falklands have.
Posted by Steve White 2012-04-17 12:06||
#12 And Spain has vowed to retaliate harshly. I would imagine they might strike a joint venture in the new oil field recently discovered around the Falkland Island.
Posted by crosspatch 2012-04-17 16:28||
#13 It'd be interesting, should they nationalize it, to see a real-life "Wyatt's Torch", ala Atlas Shrugged.
Posted by JonC 2012-04-17 21:08||
#14 China's Oilfinder General Sinopec confirmed it was in serious talk to buy Repsol's stake in YPF for $15B.
So China will have 49% of a company that has big interests in Brazil, the Gulf of Mexico and Nigeria. Not to mention just across the ways in the Falklands or as Obama might say, the Maldives.
Posted by tipper 2012-04-17 21:18||