Cristina Fernández de Kirchner the bill, which was then rejected, saying that: "My vote is not in favor, my vote is against". Despite the chilly relations between Cobos and Cristina Kirchner since that event, he completed his term as vice president. Kirchner was reelected in 2011. The Constitution of Argentina allows only one reelection. Many of her supporters proposed an amendment to the Constitution to allow indefinite reelections. Kirchner did not publicly support the proposal, but did not discourage or reject it either. The proposal was not taken to the Congress, as the FPV still lacked the required two-thirds majority to approve an amendment
YPF Investment in exploration at YPF as a percentage of profits had been far below those in most other Repsol subsidiaries. Market analysts and Repsol blamed the decline in exploration and production on government controls on exports and prospecting lease awards, and price controls on domestic oil and gas. Political risks and government intervention, including price controls, have discouraged foreign investment in oil production in Latin America in general. President Cristina Fernández de Kirchner raised YPF frequently in speeches during March 2012, claiming that underinvestment and excessive dividends at the firm had caused declines in output. Governors in six fossil-fuel producing