Tag Archives: oil

Isles of Discord

My article on the Falkland Islands was published in the March 2012 issue of Zeitgeist Asia. An excerpt is produced here. The complete article can be viewed at:

http://asiamagazines.org/International/Asia_Magazine/All/Current_Edition/2012/March/Americas.html

After a lull of thirty years, the Falklands have once again come under the spotlight following revelations that British oil companies would start prospecting in the South Atlantic. While national pride may have contributed to the 1982 conflict, this time around, the promise of undersea mineral wealth has added a new dimension: Latest estimates suggest that the establishment of an oil industry in the Falklands could eventually contribute $180 billion to the UK’s economy. Some even say that the seabed around the Falklands could hold more mineral wealth than the North Sea.

Advertisements