Thursday, 15 September 2011

Oil in the Falklands

Oil prospector Rockhopper has announced an interesting oil find in the Falkland Islands waters. They reckon they'll be able to extract $40bn worth of oil from under the sea.

Argentina is hopping mad. Their simple logic is: the Falklands (Malvinas) belong to them, therefore the oil also belongs to them. No British oil company should be digging it up.

And this is just a little, early-day find. There could be a vast amount more oil. The islands could be sitting on a trillion dollars worth of the stuff.

So one has to ask. Is this a good time for the UK to have no aircraft carriers at all capable of launching fighters?

1 comment:

Anonymous said...

We need a proper Navy. Not just to defend out overseas territories, but as a matter of principle.