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Argentina expropriation of YPF unwise
Dev George
Managing Editor
Over the past quarter or so, Yacimientos Petroliferos Fiscales (YPF) de Argentina has been targeted by the administration of Argentine President Cristina Fernandez for nationalization claiming that the Repsol majority owned company has not been investing sufficiently in the exploration and development of its holdings in the country. Now, it has taken the ultimate step of expropriation of YPF's assets and nationalizing the company...Continue
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Atlantic split: eastern prices higher, western lower
(5/15/2012) United States futures extended their losses today on indications that domestic crude inventories grew significantly last week and on mixed economic reports for the US that are seen as indicative of slower growth. The continuing political and economic dislocation in the European Union, however, also contributed to American crude settlements falling lower...Go to latest O&G prices/analysis
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