This is hot off the press. Two Provincial Governors are demanding that YPF immediately (this year) increase oil production or there will not be concessions. Listen, for those of you who think I'm a basher, don't read this stuff. I don't make this stuff up...It's in the press and I don't put words in the mouths of these corrupt politicals here in Argentina. Here is the latest crisis for YPF:
yes roberto... them politicans' eyes musta got big and round as saucers when they heard about how much oil they might be able to steal... ha ha ha! they musta had a bad bad case of shale-oil-envy and their wives probably nagged at them and promised heaven knows what if they'd just steal it and build some new big old manisons.
go YPF! go Argentina... drink the hemlock together....
Outside companies/investors will not provide funds for these wacko's so let them cut their own legs out from beneath themselves. No other company can take YPF's place, and no one will lend serious money to a nationalized YPF to develop resources. This is just a desperate bunch of clowns sounding off. Investment in Argentina will continue the downward spiral, and if they screw with YPF, the country will see their balance of payments deficit soar. It's a shame a country with such resources is run by such a pitiful bunch.