Argentina Takes Step To Take Over Oil Company YPF S.A.

By Tim Plaehn: The ADR shares of Argentine energy company YPF SA (YPF) are currently a dangerous place to have money invested.

It has come to this: Argentina has until November to change it's statistics on inflation and GDP or get kicked out of the International Monetary Fund.

By LetsPartyLikeIts2002: Latin America includes 19 countries beginning with Mexico and continuing south all the way to Tierra del Fuego, which is divided by Chile and Argentina. The total population as of December 31, 2011 was roughly 579 million with the top five largest cities being Mexico City, Sao Paulo, Buenos Aires, Rio de Janeiro, and Lima. Key Statistics for Latin America

Argentine President Cristina Kirchner's seizing control of oil firm YPF, owned by Spain's Repsol, is part of her bid to build economic growth on the back of protectionism and consumer spending, observers here say.Kirchner says that the measure was justified because YPF crude production had dropped at a time that oil and gas imports doubled in 2011 compared to 2010, and are forecast to triple by the end of the year.The government blames Repsol for failing to properly invest in YPF, which was an Argentine oil company until it was privatized in the early 1990s.

Argentine President Cristina Kirchner will ask Congress to expropriate oil-and-gas producer YPF SA, allowing the government to share ownership of the company with oil-producing provinces, a spokeswoman for Ms.

By Michael Terry:Over the last few months, shares of YPF Sociedad Anonima (YPF) have been getting taken to the woodshed over political rumblings regarding potential nationalization (in the last week, the beatings have accelerated).Sunday we read (on Bloomberg) that:

By Tim Plaehn: Published reports from Argentina indicate the government has decided to take control of the country's largest energy company, YPF S.A. (YPF).

They were not exactly overtaxed, the two officials supervising the polling station at Goose Green Sunday. It was, after all, Sunday afternoon and the population of the settlement – at some 45 people, the second biggest in the Falkland Islands – was enjoying its lunch. Had anyone yet voted in the two-day referendum to decide if the islands should remain a British Overseas Territory? Anyone at all? “I can’t say, I’m afraid,” said the lady who answered the door.