Bad Business: Argentina Moves Towards Nationalizing YPF Repsol

Energy and nationalist politics are a volatile mix. In the Second/Third World, multinational energy companies seeking new frontiers prey upon nations’ inability to develop indigenous energy resources on their own, and in true capitalist buccaneering spirit and for the benefit of their shareholders, negotiate every possible advantage before beginning operations. But such tactics are a double-edged sword, as nationalist governments can play the populist card and change the ground rules against the greedy foreign capitalist exploiters and threaten…

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