A worldwide campaign in help of Repsol is in act, and this article is just one example of misinformation. It's a pretty bad article if you really want to know w

A worldwide campaign in help of Repsol is in act, and this article is just one example of misinformation. It's a pretty bad article if you really want to know what is going on. The truth from the argentinian side goes completely missing, and after reading it, the idea you get is very very wrong about what the problem is about, the why and the how. The truth is that the company Repsol was using YPF for milking its money and transfer it abroad, without taking any care about sustaining or increasing production. ALL the other companies with any percentage in YPF will be not bought out, and all of them were voting against the Repsol plan to not do maintenance on the oil wells. Repsol just wanted to move the money, speculate and eventually sell its participation (there were ongoing talks with China). All of that was against the law, they bought under certain responsibilities and they were not fulfilling them. The well were not maintained, there was not prospective works, many many cases of ecological problems, and many WORKING wells were closed for speculative purposes. But the real reason for the takeover was that Argentina has being growing a LOT these last years, and they will keep on growing, so they need a good and cheap supply of oil. But mostly a SECURE energy supply. And Repsol was using YPF just for moving money, speculation, and was ruining the many different assets the corporation had. Repsol was opposed by all the other shareholders within YPF, but having 51% they were just doing anything they wanted. Well, in a very reasonable move, the country in need of a stable oil production took again control of their own oil. Sad to see this type of "journalism" as news in HN.