Comments on: Another Oil War? U.K. versus Latin America: Oil discovered off Falklands

By: elasticsoul

elasticsoul — Wed, 24 Mar 2010 14:40:55 +0000

I deleted the insults from your reply, which added nothing to the conversation.

This has nothing to do with what Falklanders want, or about the intentions or fairness of the Argentinian (or U.K.) governments; it is about oil, which is becoming increasingly valuable.

As to Venezuela returning to “being a third-world backwater” when the oil runs out, the same fate awaits any oil producer that has not developed a non-oil economy – which is almost all of them. Oil-dependent nations will be in no better shape.

By: Mackan

Mackan — Wed, 24 Mar 2010 14:14:34 +0000

I have business experience of South America and I’ve been to the Falkland Islands. The first, and most important, thing that you need to be clear about is the Islanders feelings towards the Argentines. Prior to 1982 it was a mixture of scoffing dismissal and low-key apprehension. Since the invasion and the re-take of the Islands by the Brits, it’s become nothing short of sheer vitriolic hatred. Believe me, even raising the subject of power-sharing (Argentine rule is way off the agenda) is enough to make you a social pariah. Nothing made the Islanders happier than watching the economic catastrophe and political collapse that Argentina suffered in the 90s. Anybody who still believes that the Islands will one day be handed over to Buenos Aires is suffering badly from Class-A drug abuse. Galtieri and his junta told the Falkland Islanders everything they ever needed to know about Argentina.
As for the oil, the Argentines need to switch-on and take a glance north at Venezuela. As one US oil expert has already said, after its 5 minutes of glory as voice on the world stage, it’ll return to being a third-world backwater. In other words, when the oil runs out, who’ll remember Venezuela?
Even if the UK handed the oil over to Argentina, how long do you think the boom in Argentina would last, and how much political in-fighting would it create? Instability, already a by-word for Argentina, would become the norm.
Argentina’s oil?? Stop, you’re making me laugh…….

By: uberVU - social comments

uberVU - social comments — Tue, 23 Feb 2010 18:00:48 +0000

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