Anorak | Yet more Argie stupidity over the Falklands – stealing Repsol

Yet more Argie stupidity over the Falklands – stealing Repsol

by | 17th, April 2012

THE Argentinian Government has just decided to nationalise steal a Spanish oil company .

The Argentine government has been tightening the noose on Repsol over recent months, withdrawing operating licences and accusing the company of failure to invest adequately in its Argentine operations.

Yes, yes, that really works, doesn’t it? Encourage more foreign investment in the country by confiscating foreign investment in the country.

Sadly the fools have a track record on this sort of stuff. We Brits built most of the railways in that country (indeed, my own gg grandfather built railways in S America) and the Argies nationalised them some time back. Anyone who’s been to the country will know that no one’s really spent any money on them since.

And nicking an oil company is such a stupid thing to do at the moment anyway.

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Posted: 17th, April 2012 | In: Money Comments (2) | Follow the Comments on our RSS feed: RSS 2.0 | TrackBack | Permalink