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) jumped 8.9% in AH trading yesterday after Carlos Slim disclosed he had
bought an 8.4% stake
in the Argentinian oil-and-gas firm. The purchase is a vote of confidence for YPF in the aftermath of its forced nationalization last month.
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Educate me. 'Nationalize', and then have shares available to outsiders?. Who decides who gets the interest ownership? If that is what is happening, 'nationalization' is not the appropriate word... perhaps we should be more 'visible' and 'open' and use more descriptive words.....'confiscation or theft' might work. When governments can't get their economies under control, 'nationalization' of resources is their buzz word and the only available way out.... then what? Governments reduce the private sector by replacing with more government. A very short term solution as governments are notoriously inefficient businessmen...with very little experience in the marketplace. Governments could really mess up the energy business. Is this on the horizon for the EU and the US? Are we getting the wool pulled over our eyes..... again???
Jun 15, 2012. 11:48 AM
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