ARGENTINA: A Taste of Firmness

Elected with the help of Peronista votes, Argentine President Arturo Fron-dizi struggled for six months to convert the ex-dictator's followers to his cause of rebuilding Argentina. Last week, in a Peronista-provoked crisis, he wrathfully turned against them.

The crisis' root was Argentina's oil problem. With coal supplies meager and hydroelectric sources remote, the nation runs on oil; it burns 250,000 bbl. a day to power factories, move trains, heat homes, cook food. An estimated 2.3 billion-bbl. oil reserve lies underground, but the government oil monopoly, Y.P.F., has only enough resources to...

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