{"id":13312,"date":"2012-04-18T13:24:59","date_gmt":"2012-04-18T17:24:59","guid":{"rendered":"http:\/\/www.rightwinggranny.com\/?p=13312"},"modified":"2012-04-18T13:24:59","modified_gmt":"2012-04-18T17:24:59","slug":"the-secret-service-were-not-the-only-people-caught-with-their-pants-down-in-columbia","status":"publish","type":"post","link":"https:\/\/www.rightwinggranny.com\/?p=13312","title":{"rendered":"The Secret Service Were Not The Only People Caught With Their Pants Down In Columbia"},"content":{"rendered":"

Yesterday Investor’s Business Daily<\/a>\u00a0reported on a major event at the Colombian summit that seems to have been overlooked in the reporting.<\/p>\n

The article reports:<\/p>\n

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<\/a>, the Argentine<\/a> oil company that’s 57% owned by Spain’s Repsol<\/a>.<\/strong><\/p>\n

Markets fell, world leaders denounced the violation of contracts and economically battered Spain rallied European Union support.<\/strong><\/p>\n

But the U.S.? “We are following developments on this issue. We are not currently aware of any WTO complaints related to this issue,” the State Department said.<\/strong><\/p>\n

The article points out that Argentina is in financial trouble because of overspending. If Argentina defaults or Spain defaults, the IMF<\/a> will be called in to do a bailout. That will directly impact the pockets of American taxpayers.<\/p>\n

The article reminds us:<\/p>\n

Meanwhile, U.S. investors own about 5% of Repsol. Its takeover hurts U.S. investors and our tax base. This should concern the indebted U.S., which if it did what other countries do, would defend its investors.<\/strong><\/p>\n

The U.S. buys 29,000 barrels a day from Argentina, a third of its output, and will need to find a new supplier as that collapses. Worse still, Argentina will lose investment in its vast shale reserves, the world’s third-largest at 22%. As that goes, prices will rise.<\/strong><\/p>\n

Worst of all, the expropriated assets may now go to China, significantly raising its influence in the region.<\/strong><\/p>\n

It sounds as if our State Department was not paying attention to the events around them.<\/p>\n

\"Enhanced<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

Yesterday Investor’s Business Daily\u00a0reported on a major event at the Colombian summit that seems to have been overlooked in the reporting. The article reports: Never was a response to a global outrage more mealy-mouthed than the one from the U.S. … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[1807,2799,2797,250,2798,2796,1310,2795],"class_list":["post-13312","post","type-post","status-publish","format-standard","hentry","category-uncategorized","tag-argentina","tag-cristina-fernandez","tag-cristina-fernandez-de-kirchner","tag-european-union","tag-repsol","tag-repsol-ypf","tag-spain","tag-ypf"],"_links":{"self":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/13312","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=13312"}],"version-history":[{"count":1,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/13312\/revisions"}],"predecessor-version":[{"id":13313,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/13312\/revisions\/13313"}],"wp:attachment":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13312"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13312"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13312"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}