Monday, 29 April 2013

Banana Republic Britain: Not As "Stable" As Argentina

My home country is now being compared unfavourably in terms of investment in energy with... Argentina, a nation synonymous with sovereign insolvency: 
"US investors I know who were enthusiastic about [shale gas in] the UK last year recently told me that after all the dither in the UK they’re putting their money in Argentina, where government regulation is considered to be more stable."
According to Nick Grealy, whose comment I found via my regular read at Bishop Hill. Those American investors are clearly fools with more money than sense; they should have known better than to fantasize about genuine (i.e. fossil-fuel) energy investment in what has now been reduced to a mere province of the European Union.

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