Nationalization of oil supplies In April 2010, Argentina's president Cristina Fernández de Kirchner introduced a bill on April 16, 2012, for the expropriation of YPF, the nation's largest energy firm. The state would purchase a 51% share, with the national government controlling 51% of this package and ten provincial governments receiving the remaining 49%. Investment in exploration at YPF as a percentage of profits had been far below those in most other Repsol subsidiaries, and declines in output at the firm represented 54% of the nation's lost oil production and 97% in the case of natural gas. Market analysts and Repsol blamed the decline
Presidency of Cristina Fernández de Kirchner to an unprecedented 23%. Once recovered from the conflict with agrarian interests, Cristina Kirchner's public approval improved; her job approval ratings rose by 30% ("Poliarquía", 08/22/08). Her inflexible handling of the protests and reluctance to review the policies that sparked the protest have led to speculation that it is her husband, predecessor in office and current leader of the Justicialist Party, Néstor Kirchner, who controls her administration. The British weekly newspaper "The Economist" has described this situation as Kirchner "paying the price for her husband's pig-headedness", and as of February 2009, her job approval rating was 28%. On October 20,