Really? In GQ? This is dissapointing.
I think you need a lesson in realpolitik. The UK oil companies will be the one’s pressuring the UK to cut a deal with Argentina. Oil companies don’t want to invest in infrastructure, they just want to get the oil out as cheaply as possible.
Who wants to bet that within 5 years Argentina will sign a deal dropping their sovereignty claims for a cut of oil profits and that will be done with it. All the current posturing is just theatre as a prelude.
They have to build the infrastructure somewhere. If they build it in Argentina, they’ll leave themselves hostages to any future government whims. And Argentina’s heading down the economic tubes even more rapidly than the U.K. It make much more sense to build in the Falklands and, if necessary, Brazil, which has its own oilfields.
Argentina HAS the infrastructure already, they have oil fields, refineries, tankers, ports to unload and a skilled labour pool.
Companies don’t build refineries for one oil field, they build them somewhere where there is a major concentration. I doubt very much that there is enough oil in the Falklands fields to justify building an entire infrastructure in the Falklands. That’s why Argentina is needed and it’s why they’ll end up getting paid off.
It’s the cure for what’s bugging you.
Maybe, but ralph124c’s scenario supposes that there is more than sufficient oil.
No more so than your spelling.
It’s a joke, son.
There might be and there might not be. But at the moment no company is willing to undertake the massive investment it would take to determine that or not, partly because of the uncertainty over the sovereignty issue. Oil exploration is risky enough as it is, Argentina’s noise and sabre rattling is enough to spook risk averse corporations.
So their strategy seems to be working, scare away investors until the UK oil industry pressures the UK government to settle.
A modest bump: with the recent nationalisation of YPF Repsol, which oil companies are going to take the risk of investing in Argentina?
I should imagine that any slight sympathies that other Latin nations might have had are now quickly evaporating.
This government looks like its going in a socialist nationalistic direction.
The damage to Repsol is certainly not going to help Spain’s current economic woes, and of course the rate to service the debts of Spain have just recently gone up over concerns over its national debt. This may well lead to yet more austerity measures, I can’t see the Spanish thanking or sympathising with Argentina all that much now.
Multi-nationals ain’t going to want to invest in Argentina, and many will be making plans and moves to divest themselves of Argentine assets. In short, Argentina is going to find its own economic times will become tougher.
When you are rattling a sabre, you don’t make enemies of all your other friends.
I agree-have the Argentines lost their minds? Nationalizing the oil company will really make Argentina a paraiah.
I think its time to invest in Falklans oil!
Cripes I guess her spewing nonsense wasn’t just for show… argentinas going off the deep end.
Uk should beef up any anti air defenses they have on the island, argies desperate for money..you never know now.
I wonder if the EU could cut off trade to the argentinians? They just had 10 billion stolen from them after all.
Never mind oil, which companies? I heard an investment fund manager on the BBC yesterday. He was asked if the nationalisation would affect his decision to invest in Argentina. His answer was, No, he decided two years ago it wasn’t safe.
I could understand seizing British-owned assets, but this…this… is crazy.