Friday, 26 February 2010

Falkland Islands oil

Suddenly the Falklands are back on the radar. The British Geological Survey has indicated there may be as much as 60 billion barrels of oil under the sea bed in Falkland's waters.

Sixty billion barrels is worth about four-and-a-half trillion dollars at today's prices! That's enough to wipe out our national debt twice over and still have some change.

(Click to enlarge)

Desire Petroleum Plc has started exploratory drilling operations and this has provoked a squeal of protest from President Cristina Kirchner of Argentina (wife of former President Nestor Kirchner) who has complained to the UN and the USA.

President Kirchner: Prettier than Galtieri

The UN merely acknowledged Argentina's concerns and the American administration is playing it strictly neutral. Meanwhile the Royal Navy has been beefing up its presence in the South Atlantic and carrying out anti-invasion exercises.

The Falkland Islands also have a strategic role. They give the UK a stake in the Antarctic continent: home to 75 percent of the world's fresh water, 500 billion tons of coal and yet to be quantified other mineral reserves.

It should go without saying that $4.5 trillion is easily enough to fund a permanent carrier battle group in the vicinity of the Falklands. It's as just well the navy has two new aircraft carriers on order - perhaps those projects should be brought forward a little.

Desire Petroleum Plc
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QE-class Aircraft carriers
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2 comments:

Anonymous said...

But would you do her?

Anonymous said...

WISH I WAS BRITISH INSTEAD OF GETTING A PENSION AS A RTD. CHICAGO COP, I WOULD BE IN THE TRENCHES GUY FOR THE B N P. DONT GIVE YOUR COUNTRY AWAY BRITS, YOU ARE A GIANT AMONGST NATIONS.