Not Logged In Log In   Sign Up   Points Leaders
Follow Us    5:15 PM

GasBuddy News Article

49
votes
Chevron Pacts With The Devil, Signs Deal With Argentina's YPF To Develop Massive Shale Field

Forbes -- Chevron CVX +0.54% may be making a pact with the devil. On Thursday, Argentine energy producer YPF announced it had reached a “final agreement” with the global oil giant to develop the Vaca Muerta basin, considered by Chevron the second largest reservoir of unconventional oil in the world. The second largest U.S. oil and gas producer has pledged to invest $1.5 billion in the first phase of the project, which the Argentine government desperately needs after being forced to import energy for the first time in 17 years in 2012.

Facing runaway inflation and pressure on its precious foreign reserves, the administration of Cristina Kirchner forcibly nationalized YPF last year, throwing out Spain’s Repsol without compensation, which is an indication of the types of risks Chevron is willing to


Read the Full Article

Submitted May 18, 2013 By: leemun
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Chevron Pacts With The Devil, Signs Deal With Argentina's YPF To Develop Massive Shale Field Back to Topics
REPLIES (newest first) Post a Reply
Profile Pic
honda0105
Champion Author Tallahassee

Posts:22,491
Points:2,121,315
Joined:Nov 2008
Message Posted: May 25, 2013 8:34:56 AM

probably those who fill up at the pumps, right?
Profile Pic
honda0105
Champion Author Tallahassee

Posts:22,491
Points:2,121,315
Joined:Nov 2008
Message Posted: May 24, 2013 5:37:45 AM

whose blood was used to ink the deal?
Profile Pic
honda0105
Champion Author Tallahassee

Posts:22,491
Points:2,121,315
Joined:Nov 2008
Message Posted: May 23, 2013 5:43:05 AM

Time to boycott Chevron?
Profile Pic
honda0105
Champion Author Tallahassee

Posts:22,491
Points:2,121,315
Joined:Nov 2008
Message Posted: May 22, 2013 6:31:07 AM

Dennis: probably already is.
Profile Pic
yardslave
Champion Author Oklahoma City

Posts:4,923
Points:1,107,945
Joined:Dec 2005
Message Posted: May 20, 2013 6:02:44 AM

Ok...
Profile Pic
Dennisjk
Champion Author Detroit

Posts:8,230
Points:2,381,760
Joined:Apr 2006
Message Posted: May 19, 2013 5:55:04 PM

I hope my 401k money isn't going there.
Profile Pic
eagle_scout
Champion Author St. Louis

Posts:8,851
Points:1,954,475
Joined:Jul 2004
Message Posted: May 19, 2013 10:47:56 AM

interesting
Profile Pic
DanMtz
Champion Author Oakland

Posts:5,698
Points:1,755,715
Joined:Oct 2009
Message Posted: May 19, 2013 10:43:52 AM

What peak oil?
Profile Pic
RogerB
Champion Author Indianapolis

Posts:20,609
Points:3,129,395
Joined:Dec 2005
Message Posted: May 19, 2013 2:33:34 AM

Very interesting . . . . . . . . . . . . . . .










Profile Pic
bolobill
Champion Author Michigan

Posts:18,316
Points:3,680,650
Joined:Mar 2004
Message Posted: May 19, 2013 1:02:47 AM

ok
Profile Pic
ExplorerWA
Champion Author Washington

Posts:5,998
Points:1,232,580
Joined:Feb 2011
Message Posted: May 19, 2013 12:35:05 AM

Can't trust those communist.
Profile Pic
rap12MA
Champion Author Boston

Posts:2,456
Points:588,805
Joined:Mar 2012
Message Posted: May 19, 2013 12:18:04 AM

Too politically volatile a region to be investing so much.
Profile Pic
Tigrelily
All-Star Author Illinois

Posts:886
Points:261,220
Joined:Nov 2011
Message Posted: May 19, 2013 12:16:24 AM

The lesser of two evils??

to N5EXY
Namaste
Profile Pic
Godozo
Champion Author Gary

Posts:1,312
Points:983,205
Joined:Dec 2010
Message Posted: May 19, 2013 12:11:12 AM

The truly desperate play the Oil markets, it appears.
Profile Pic
jetskijerry
Champion Author North Carolina

Posts:6,180
Points:1,276,735
Joined:Mar 2011
Message Posted: May 19, 2013 12:10:57 AM

?
Profile Pic
mfeldstein
Champion Author Ottawa

Posts:10,383
Points:2,414,235
Joined:Feb 2007
Message Posted: May 19, 2013 12:10:55 AM

The devil's a sharp investor, no?
Profile Pic
N5EXY
Champion Author Austin

Posts:7,839
Points:2,021,320
Joined:Jul 2004
Message Posted: May 19, 2013 12:09:42 AM

So it shale be. So mote it.
Profile Pic
smelser1123
Champion Author Nevada

Posts:3,474
Points:768,775
Joined:Jun 2012
Message Posted: May 19, 2013 12:08:54 AM

What is the big "C" thinking?
Profile Pic
LQQKGAS
Champion Author Phoenix

Posts:4,923
Points:1,694,775
Joined:Oct 2009
Message Posted: May 19, 2013 12:08:05 AM


Satanic!
Profile Pic
obimerrill
Champion Author Cincinnati

Posts:3,776
Points:800,090
Joined:Jul 2012
Message Posted: May 19, 2013 12:07:22 AM

Bad decision which may come back to haunt Chevron...
Profile Pic
VetteFan
Champion Author Indiana

Posts:11,318
Points:2,372,525
Joined:Aug 2005
Message Posted: May 19, 2013 12:07:12 AM

Companies get their resources where they can. It's just business.
Profile Pic
icer06
Champion Author Huntsville

Posts:4,662
Points:942,990
Joined:Jan 2012
Message Posted: May 19, 2013 12:06:54 AM

Not sure I agree with the headline. Business is just that.
Profile Pic
Fitwit
Champion Author Stockton

Posts:8,616
Points:1,837,890
Joined:May 2009
Message Posted: May 19, 2013 12:06:18 AM

No comment.
Profile Pic
ManOfLeisureII
Champion Author Philadelphia

Posts:4,174
Points:962,365
Joined:Jan 2012
Message Posted: May 19, 2013 12:06:05 AM

Old news
Profile Pic
joel27nc
Champion Author Raleigh

Posts:12,882
Points:2,366,370
Joined:Mar 2008
Message Posted: May 19, 2013 12:06:02 AM

okay
Profile Pic
Methodist
Champion Author Indiana

Posts:3,206
Points:664,380
Joined:Mar 2008
Message Posted: May 19, 2013 12:05:02 AM

ok
Profile Pic
UpSol7
Champion Author Augusta

Posts:2,340
Points:1,198,550
Joined:Sep 2008
Message Posted: May 19, 2013 12:03:46 AM

what could go wrong...?
Profile Pic
gsayeg1
Champion Author Milwaukee

Posts:1,533
Points:221,125
Joined:Jun 2008
Message Posted: May 19, 2013 12:03:34 AM

look out drug deals
Profile Pic
Toppers
Champion Author Atlanta

Posts:11,300
Points:2,978,900
Joined:Mar 2005
Message Posted: May 19, 2013 12:02:46 AM

Wow...
Profile Pic
bonzoonfmb
Champion Author Florida

Posts:2,540
Points:888,110
Joined:Feb 2010
Message Posted: May 19, 2013 12:00:45 AM

Thanks Obama.
Profile Pic
bojiway1
Champion Author Minnesota

Posts:4,307
Points:978,700
Joined:Dec 2011
Message Posted: May 18, 2013 11:59:38 PM

i hope the Argentine people gets the money.
Profile Pic
rawdog1313
Champion Author Lexington

Posts:4,878
Points:2,009,995
Joined:May 2008
Message Posted: May 18, 2013 11:56:40 PM

Whatever..........
Profile Pic
snappytom2
Champion Author Corpus Christi

Posts:5,483
Points:373,385
Joined:Jul 2008
Message Posted: May 18, 2013 11:56:00 PM

And, this affects our gas prices how?
Profile Pic
Brucevanf
Champion Author New Brunswick

Posts:3,653
Points:753,825
Joined:Aug 2012
Message Posted: May 18, 2013 11:55:39 PM

pure greed.
Profile Pic
suzmar
Champion Author Texas

Posts:3,497
Points:1,328,615
Joined:Jun 2006
Message Posted: May 18, 2013 11:55:21 PM

This headline seem a bit biased.
Profile Pic
skybiker
Champion Author South Carolina

Posts:8,918
Points:2,030,680
Joined:Jul 2008
Message Posted: May 18, 2013 11:55:05 PM

First largest is here in the US!
Profile Pic
benjy
Champion Author Chicago

Posts:10,593
Points:2,286,465
Joined:Nov 2003
Message Posted: May 18, 2013 11:54:47 PM

birds of a feather....
Profile Pic
defiancegasman
Champion Author Ohio

Posts:7,188
Points:1,355,355
Joined:May 2006
Message Posted: May 18, 2013 11:53:57 PM

Bet you it DOESN'T LOWER GAS PRICES!!
Profile Pic
lin95688
Champion Author California

Posts:1,664
Points:655,720
Joined:Dec 2008
Message Posted: May 18, 2013 11:53:49 PM

money flows as greedy grows
Profile Pic
bobcatfan
Champion Author Kentucky

Posts:3,227
Points:1,080,600
Joined:Apr 2011
Message Posted: May 18, 2013 11:49:05 PM

Chavez is dead. Now is a chance to re-introduce capitalism into South America.
Profile Pic
boatmen
Champion Author New York

Posts:4,971
Points:1,051,195
Joined:Jan 2011
Message Posted: May 18, 2013 11:48:37 PM

Greed at its Finest Moment
Profile Pic
roxanebay
All-Star Author Nova Scotia

Posts:827
Points:401,110
Joined:Jun 2008
Message Posted: May 18, 2013 11:45:57 PM

Sad
Profile Pic
HA4CNN
Champion Author Toronto

Posts:7,743
Points:2,014,555
Joined:Dec 2006
Message Posted: May 18, 2013 11:44:55 PM

Big chance.
Profile Pic
tdc007
Champion Author Lexington

Posts:3,116
Points:876,535
Joined:Feb 2012
Message Posted: May 18, 2013 11:44:45 PM

Ok
Profile Pic
Trowinsamoan
Champion Author Los Angeles

Posts:2,349
Points:507,765
Joined:Nov 2012
Message Posted: May 18, 2013 11:44:37 PM

For our sake ,hope it works out
Profile Pic
JCClark2012
Champion Author New Hampshire

Posts:3,723
Points:904,850
Joined:Mar 2012
Message Posted: May 18, 2013 11:41:57 PM

Ok
Profile Pic
jjfisher
All-Star Author Toledo

Posts:770
Points:1,048,995
Joined:Aug 2008
Message Posted: May 18, 2013 11:40:37 PM

More deception.
Profile Pic
beachmanglen
Champion Author Tampa

Posts:1,763
Points:874,405
Joined:Aug 2011
Message Posted: May 18, 2013 11:39:39 PM

The risk has to be less than than the anticipated rewards, thus making the agreement feasible.
Profile Pic
SparkieMi
Champion Author Kalamazoo

Posts:5,463
Points:1,079,845
Joined:Sep 2011
Message Posted: May 18, 2013 11:39:33 PM

Take heed Chevron!!!! It may and could happen to you like it did to Repsol!!!
Profile Pic
pawnkingfour
Champion Author Georgia

Posts:1,747
Points:459,840
Joined:Dec 2011
Message Posted: May 18, 2013 11:38:21 PM

Chevron will regret this after they're thrown out the door like Repsol.
Post a reply Back to Topics