{"page":"\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/resources-c03aa079.css\" /\u003e\n\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/lp_boclips_stylesheets-517835be.css\" media=\"all\" /\u003e\n\u003cdiv data-title='+4:3 Latest coverage of Repsol row; analyst; congress debate' data-url='/boclips/videos/5c54c16cd8eafeecae15211c' data-video-url='/boclips/videos/5c54c16cd8eafeecae15211c' id='bo_player_modal'\u003e\n\u003cdiv class='boclips-resource-page modal-dialog panel-container'\u003e\n\u003cdiv class='react-notifications-root'\u003e\u003c/div\u003e\n\u003cdiv class='rp-header'\u003e\n\u003cdiv class='rp-type'\u003e\n\u003ci aria-hidden='true' class='fai fa-regular fa-circle-play'\u003e\u003c/i\u003e\nVideo\n\u003c/div\u003e\n\u003ch1 class='rp-title' id='video-title'\u003e\n+4:3 Latest coverage of Repsol row; analyst; congress debate\n\u003c/h1\u003e\n\u003cdiv class='rp-actions'\u003e\n\u003cdiv class='mr-1'\u003e\n\u003ca class=\"btn btn-success\" data-posthog-event=\"Signup: LP Signup Activity\" data-posthog-location=\"body_link_boclips\" data-remote=\"true\" href=\"/subscription/new\"\u003e\u003cspan\u003e\u003cspan\u003eGet Free Access\u003c/span\u003e\u003cspan class=\"\"\u003e for 10 Days\u003c/span\u003e\u003cspan\u003e!\u003c/span\u003e\u003c/span\u003e\u003c/a\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-body'\u003e\n\u003cdiv class='rp-info'\u003e\n\u003cdiv aria-label='Hide resource details' class='rp-hide-info' role='button' tabindex='0'\u003e\u0026times;\u003c/div\u003e\n\u003ci aria-label='Expand resource details' class='rp-expand-info fai fa-solid fa-up-right-and-down-left-from-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003ci aria-label='Compress resource details' class='rp-compress-info fai fa-solid fa-down-left-and-up-right-to-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003cdiv class='rp-rating'\u003e\n\u003cspan class='resource-pool'\u003e\n\u003cspan class='pool-label'\u003ePublisher:\u003c/span\u003e\n\u003cspan class='pool-name'\u003e\n\u003cspan class='text'\u003e\u003ca data-publisher-id=\"30356011\" href=\"/search?publisher_ids%5B%5D=30356011\"\u003eCurated Video\u003c/a\u003e\u003c/span\u003e\n\u003c/span\u003e\n\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-description'\u003e\n\u003cspan class='short-description'\u003eBuenos Aires - 18 April 20121. Wide of busy street2. Mid of newspaper kiosk, people passing by3. Close-up of newspapers4. Close-up of newspaper front page, headline reading: (Spanish) \"YPF for Everyone\" with photo of the Argentina...\u003c/span\u003e\n\u003cspan class='full-description hide'\u003eBuenos Aires - 18 April 2012\u003cbr/\u003e1. Wide of busy street\u003cbr/\u003e2. Mid of newspaper kiosk, people passing by\u003cbr/\u003e3. Close-up of newspapers\u003cbr/\u003e4. Close-up of newspaper front page, headline reading: (Spanish) \"YPF for Everyone\" with photo of the Argentina President Cristina Fernandez\u003cbr/\u003e5. Mid of man buying newspaper\u003cbr/\u003e6. Close-up of newspaper front page, headline reading: (Spanish) \"The Government warns that they will not pay Repsol what they are asking\"\u003cbr/\u003e7. Wide exterior of Congress building \u003cbr/\u003e8. Wide of Senate meeting\u003cbr/\u003e9. SOUNDBITE: (Spanish) Jorge Lapena, former Energy Secretary:\u003cbr/\u003e\"These new types of institutions that I amongst others suggest, that you are now analysing, regarding the possibility of creating a national hydro-carbon agency in the style of that which they have in Brazil, this kind of model would be very, very efficient.\"\u003cbr/\u003e10. Various of Marcelo Elizondo, Director of UCES Business School, in office\u003cbr/\u003e11. SOUNDBITE: (Spanish) Marcelo Elizondo, Director of UCES Business School:\u003cbr/\u003e\"This accusation by the Argentine government against Repsol is the truth. You just have to pass by the service stations, the places where fuel is sold in cities throughout Argentina to be able to see the queues of cars because there is not sufficient supplies of fuel, particularly the brand that Repsol goes by in Argentina, which is YPF.\"\u003cbr/\u003e12. Various of Elizondo looking at documents\u003cbr/\u003e13. SOUNDBITE: (Spanish) Marcelo Elizondo, Director of UCES Business School:\u003cbr/\u003e\"It is not a decision of success. I believe it really affects the business climate, it really affects the reputation of Argentina. The government has decided to intervene in the oil industry saying that they are going to do something for the benefit of the public by which they will regain the sovereignty (of YPF). However, this just results in nationalising the shares owned by Repsol and not the stock owned by other private stakeholders. This is a total contradiction.\"\u003cbr/\u003eLa Plata - 17 April 2012\u003cbr/\u003e14. Various of YPF refinery in La Plata \u003cbr/\u003eArgentina''s proposed takeover of the country''s biggest oil company from Spain''s energy firm Repsol was debated at a heated senate meeting in Buenos Aires on Wednesday.\u003cbr/\u003eIt is a move that thrills Argentines who blame privatisations for the economy''s collapse a decade ago, but analysts say it sends a negative signal to anyone wanting to invest in the country.\u003cbr/\u003ePresident Cristina Fernandez made Spain furious by decreeing that her government will recover YPF by expropriating Repsol''s majority stake in the company.\u003cbr/\u003eShe said on Monday that her governments intended to take control of 51 percent of YPF''s shares from Repsol.\u003cbr/\u003eThe decision sparked a serious spat with Spain, which warns their will be reprisals.\u003cbr/\u003eDuring the discussion of the plans on Wednesday, former Energy Minister Jorge Lapena said that Argentina has state-owned companies such as the semi-public Brazilian energy firm Petrobras in mind as a model for YPF.\u003cbr/\u003e\"This kind of model would be very, very efficient,\" he added.\u003cbr/\u003eFernandez, who has already nationalised Argentina''s flagship airline and private pension funds, said her aim is nothing less than to recover her country''s sovereignty. \u003cbr/\u003eShe accused Repsol of provoking an energy crisis by exporting too much of Argentina''s oil and failing to invest locally even as it paid huge dividends abroad. \u003cbr/\u003e\"This accusation by the Argentine government against Repsol is the truth,\" said Marcelo Elizondo, an analyst from the UCES Business School in Buenos Aires.\u003cbr/\u003e\"You just have to pass by the service stations, the places where fuel is sold in cities throughout Argentina to be able to see the queues of cars because there is not sufficient supplies of fuel, particularly the brand that Repsol goes by in Argentina, which is YPF,\" he continued.\u003cbr/\u003eBut Argentina''s effort to control its energy future has provoked an avalanche of diplomatic protests and vows of retaliation from Spain and its allies.\u003cbr/\u003eElizondo said that even though the goal was a legitimate one, the way in which the decision was taken was very damaging for Argentina''s reputation.\u003cbr/\u003e\"The government has decided to intervene in the oil industry saying that they are going to do something for the benefit of the public by which they will regain the sovereignty (of YPF),\" he said.\u003cbr/\u003e\"However, this just results in nationalising the shares owned by Repsol and not the stock owned by other private stakeholders. This is a total contradiction.\"\u003cbr/\u003eIt also could scare off investors just when YPF needs (b) billions of dollars and long-term commitments to exploit what could be the world''s third largest unconventional energy reserves, in Argentina''s Patagonia region.\u003cbr/\u003eEnergy-rich Argentina has gone from being a major exporter of natural gas and oil to a major buyer of expensive energy imports that erode its trade surplus, which has helped sustain Argentina''s high economic growth over the past nine years.\u003cbr/\u003eSpain''s government prepared retaliatory measures, the European Commission indefinitely postponed a bilateral trade meeting between the European Union and Argentina, and other countries were considering diplomatic, legal and economic counter-measures.\u003cbr/\u003eRepsol''s shares lost 6 percent Tuesday and were down nearly 3 percent Wednesday.\u003cbr/\u003e\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='action-container flex 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