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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


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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
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honda0105
Champion Author Tallahassee

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Message Posted: May 25, 2013 8:34:56 AM

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

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Message Posted: May 24, 2013 5:37:45 AM

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

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Message Posted: May 23, 2013 5:43:05 AM

Time to boycott Chevron?
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honda0105
Champion Author Tallahassee

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Message Posted: May 22, 2013 6:31:07 AM

Dennis: probably already is.
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yardslave
Champion Author Oklahoma City

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Message Posted: May 20, 2013 6:02:44 AM

Ok...
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Dennisjk
Champion Author Detroit

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Message Posted: May 19, 2013 5:55:04 PM

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

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Message Posted: May 19, 2013 10:47:56 AM

interesting
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DanMtz
Champion Author Oakland

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Message Posted: May 19, 2013 10:43:52 AM

What peak oil?
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RogerB
Champion Author Indianapolis

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Message Posted: May 19, 2013 2:33:34 AM

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










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bolobill
Champion Author Michigan

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Message Posted: May 19, 2013 1:02:47 AM

ok
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ExplorerWA
Champion Author Washington

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Message Posted: May 19, 2013 12:35:05 AM

Can't trust those communist.
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rap12MA
Champion Author Boston

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Message Posted: May 19, 2013 12:18:04 AM

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

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Message Posted: May 19, 2013 12:16:24 AM

The lesser of two evils??

to N5EXY
Namaste
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Godozo
Champion Author Gary

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Message Posted: May 19, 2013 12:11:12 AM

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

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Message Posted: May 19, 2013 12:10:57 AM

?
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mfeldstein
Champion Author Ottawa

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Message Posted: May 19, 2013 12:10:55 AM

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

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Message Posted: May 19, 2013 12:09:42 AM

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

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Message Posted: May 19, 2013 12:08:54 AM

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

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Message Posted: May 19, 2013 12:08:05 AM


Satanic!
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obimerrill
Champion Author Cincinnati

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Message Posted: May 19, 2013 12:07:22 AM

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

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Message Posted: May 19, 2013 12:07:12 AM

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

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Message Posted: May 19, 2013 12:06:54 AM

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

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Message Posted: May 19, 2013 12:06:18 AM

No comment.
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ManOfLeisureII
Champion Author Philadelphia

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Message Posted: May 19, 2013 12:06:05 AM

Old news
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joel27nc
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Message Posted: May 19, 2013 12:06:02 AM

okay
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Methodist
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Message Posted: May 19, 2013 12:05:02 AM

ok
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UpSol7
Champion Author Augusta

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Message Posted: May 19, 2013 12:03:46 AM

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

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Message Posted: May 19, 2013 12:03:34 AM

look out drug deals
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Toppers
Champion Author Atlanta

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Message Posted: May 19, 2013 12:02:46 AM

Wow...
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bonzoonfmb
Champion Author Florida

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Message Posted: May 19, 2013 12:00:45 AM

Thanks Obama.
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bojiway1
Champion Author Minnesota

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Message Posted: May 18, 2013 11:59:38 PM

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

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Message Posted: May 18, 2013 11:56:40 PM

Whatever..........
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snappytom2
Champion Author Corpus Christi

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Message Posted: May 18, 2013 11:56:00 PM

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

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Message Posted: May 18, 2013 11:55:39 PM

pure greed.
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suzmar
Champion Author Texas

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Message Posted: May 18, 2013 11:55:21 PM

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

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Message Posted: May 18, 2013 11:55:05 PM

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

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Message Posted: May 18, 2013 11:54:47 PM

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

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Message Posted: May 18, 2013 11:53:57 PM

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

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Message Posted: May 18, 2013 11:53:49 PM

money flows as greedy grows
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bobcatfan
Champion Author Kentucky

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Message Posted: May 18, 2013 11:49:05 PM

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

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Message Posted: May 18, 2013 11:48:37 PM

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

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Message Posted: May 18, 2013 11:45:57 PM

Sad
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HA4CNN
Champion Author Toronto

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Message Posted: May 18, 2013 11:44:55 PM

Big chance.
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tdc007
Champion Author Lexington

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Message Posted: May 18, 2013 11:44:45 PM

Ok
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Trowinsamoan
Champion Author Los Angeles

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Message Posted: May 18, 2013 11:44:37 PM

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

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Message Posted: May 18, 2013 11:41:57 PM

Ok
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jjfisher
All-Star Author Toledo

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Message Posted: May 18, 2013 11:40:37 PM

More deception.
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beachmanglen
Champion Author Tampa

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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.
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SparkieMi
Champion Author Kalamazoo

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Message Posted: May 18, 2013 11:39:33 PM

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

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Message Posted: May 18, 2013 11:38:21 PM

Chevron will regret this after they're thrown out the door like Repsol.
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