The Other Obama Columbia Summit Debacle (w/ Argentina)
Posted by admin / Under Repsol Honda
Does U.S. President Obama have a foreign policy or should we call it a "dangerous farcical policy." Is he even control of the White House? By now, most people have heard the story of how, "11 Secret Service agents" and "as many as 10 U.S. military personnel," hired prostitutes, drank alcohol, and possibly used illicit drugs -- all in "security preparation" for the president to attend the Summit of the Americas in Columbia. Besides the security debacle, Obama's diplomatic effort, "wasn't exactly smooth sailing." But there's a subtle clincher to Obama's ridiculous Columbia trip which belies his true incompetency, a...
Published on Tuesday 22nd of May 2012 06:01:04 PM
Lurching Towards Fascism in Argentina
Posted by admin / Under Repsol Honda
Argentina has just lurched toward becoming a Fascist nation as “Peronist” president Cristina Fernández de Kirchner announced the nation’s intentions to nationalize the largest oil company in the country yesterday. Combined with rabble rousing rhetoric dredging up the impotent claim to the Falkland Islands, and a tightened control of the press, many fear that the leadership in Argentina have finally dropped all pretenses of a democratic and free market nation as they appear to be hurtling the nation towards populist policies that wrecked the entire continent of Europe during WWII. Cristina’s party controls the government, so there is little hope...
Published on Tuesday 22nd of May 2012 06:01:04 PM
White House Stunned By Argentine Oil Expropriation
Posted by admin / Under Repsol Honda
Diplomacy: After a weekend of cavorting in Colombia, the White House was caught flat-footed by Argentina's takeover of a big oil company whose loss will hike gas prices, harm Spain and slam U.S. investors. Lucky us. Never was a response to a global outrage more mealy-mouthed than the one from the U.S. after Argentina's President Cristina Fernandez de Kirchner, standing under a portrait of Evita Peron, announced a brazen grab for YPF, the Argentine oil company that's 57% owned by Spain's Repsol. Markets fell, world leaders denounced the violation of contracts and economically battered Spain rallied European Union support. But...
Published on Tuesday 22nd of May 2012 06:01:04 PM
Repsol Begins Deep-Water Exploration Drilling Off Cuba
Posted by admin / Under Repsol Honda
MADRID - Spanish oil firm Repsol YPF SA has begun offshore drilling in Cuban waters as part of its global exploration operations, a person familiar with the situation said Thursday. Deep-water exploration drilling began about 50 kilometers north of Havana and will take at least 60 days to complete, this person added. Repsol is resuming exploration in the area after it failed to find exploitable oil in 2004. The U.S. Geological Survey has said there could be a substantial amount of untapped oil off the Cuban coast. The Repsol well is much closer to Florida than any other well in...
Published on Tuesday 22nd of May 2012 06:01:04 PM
Florida Sees New Threat to Its Beaches
Posted by admin / Under Repsol Honda
Florida has long fought to prevent oil drilling anywhere near its white sandy beaches. But as the state continues to deal with oil from the Gulf of Mexico spill washing up on its shores, it faces a new threat: deepwater drilling in nearby Cuban waters. Maria Ritter, a spokeswoman for Spanish oil company Repsol YPF SA, said it plans to drill off Cuba, about 60 miles south of Key West, Fla., early next year. If successful, this would likely kick off a spate of exploration. Only one deepwater well has been drilled in Cuban waters, by Repsol in 2004. The...
Published on Tuesday 22nd of May 2012 06:01:04 PM
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