http://www.guardian.co.uk/business/blog/2012/feb/16/talk-falklands-oil-boom-tensions-anniversary
The theme song of the 60's era TV series 'Beverly Hillbillies' proclaimed...'Up from the ground came a bubblin' crude...oil that is, black gold, Texas tea.'
That may be the underlying reason for the growing tensions between the UK and Argentina over the Mavinas/ Falklands islands...as the 30th anniversary of their war nears.
Black gold.
Oil.
British tea...or perhaps...Argentine mate.
8.3 billion bbls of oil are estimated in the waters around the islands.
Despite some early failures...some speculate there may be even more...up to 60 billion bbls.
Currently...the UK has proven reserves of only 5.6 billion bbls.
The struggle over the islas may no longer be irrelevant...as Borges once described it...'like two bald men fighting over a comb.'
It could mean vast wealth for the controlling nation...$180 billion in royalties...in an age of growing austerity.
Popular Posts
- POLAND: Warsaw Lauds LOT Pilot Wrona For Safe Crash Landing.
- ITALY / EUROZONE : New Greek Crisis Delays Berlusconi's Love Songs CD Release.
- HONDURAS : 4 Nov. UPDATE: 176 Police Arrested For Corruption; Lobo Sacks His Top Cops...Sends Troops Into Sula, Tegucigalpa.
- SERBIA / LIBYA : Are Serbian Mercenary Pilots Bombing Protestors In Tripoli?
- PERU: Chaos Reigns In Lima's Streets With Unregulated Taxis And Ancient Buses.
- SERBIA / KOSOVO / EU : President Nikolic Talks Tough About Pristina.
- CHILE / CANADA : Court Suspends Barrick Gold Pascua Lama Mine Production.
- MEXICO: Guapo But Bobo...PRI's Pena Nieto Still Leads To Succeed Prez Calderon.
- MEXICO : Zetas Founder/ Leader "Lucky" Hernandez Lechuga Captured In Veracruz.
- BRASIL: FIFA Ponders Guns Swap For World Cup Football Tickets; Lula's Tumor 75% Reduced.