[Plantagenet]

Argentina has just passed a law making it illegal for the UK to drill for oil off the Falklands.

Argentina starts new legal battle over Falkland offshore oil drilling

I wonder how INTERPOL will deal will a request from Argentina for the extradition of Brits convicted in Argentinian courts of engaging in illegal oil drilling in the waters around the Falklands?

[ROCKMAN]

P - Well, the Argentina military couldn't shut the Brits down maybe their cops can. Yeah...that's it...taser the bastards. LOL.

[dolanbaker]

There's already a thread on this.

the-falkland-islands-thread-merged-t864.html

[Plantagenet]

There's already a thread on this.

the-falkland-islands-thread-merged-t864.html

This isn't about the Falkland Islands---its about drilling OFF the Falklands Islands. The Argentinians have outlawed anyone else drilling anywhere on the entire Continental Shelf off Argentina---their edict covers ALL the submerged shelf ALL way to the So Georgia Islands ...which is 1400 km distant from the Falklands.

The South Georgian Islands are not the Falkland Islands.

-------------

This submarine landgrab by Argentina closely resembles the huge submarine landgrab by Russia of most of the Arctic Ocean, and the landgrab by China covering huge areas of the western Pacific Ocean extending out to the Phillipines and Indonesia.

[dolanbaker]

There's already a thread on this.

the-falkland-islands-thread-merged-t864.html

This isn't about the Falkland Islands---its about drilling OFF the Falklands Islands. The Argentinians have outlawed anyone else drilling anywhere on the entire Continental Shelf off Argentina---their edict covers ALL the submerged shelf ALL way to the So Georgia Islands ...which is 1400 km distant from the Falklands.

The South Georgian Islands are not the Falkland Islands.

-------------

This submarine landgrab by Argentina closely resembles the huge submarine landgrab by Russia of most of the Arctic Ocean, and the landgrab by China covering huge areas of the western Pacific Ocean extending out to the Phillipines and Indonesia.

But they are a "British overseas territory" and thus are in the same situation as the Falklands.

[Plantagenet]

The South Georgian Islands are not the Falkland Islands.

But they are a "British overseas territory" and thus are in the same situation as the Falklands.

1. There are lots of "British overseas territories"----from Gibralter to Montserrat. They are not the same and they are not all in the same situation---they are all in different places and face different circumstances.

2. There is nothing intrinsic about the status of a "British overseas territory" like South Georgia Island that gives Argentina the right to criminalize normal business activities carried out by Brits or others in those British territories or in the British territorial waters around those British overseas territories.


British penguins on South Georgia Island

[rockdoc123]

OK...the facts.
Argentina has a traditional claim to Las Malvinas. That is why they invaded years ago. They still hold that claim is legitimate.
The Brits (I really want to say the English because as a Scot we couldn't give a stuff about the Falklands) claim rights by occupation many years ago.
A referendum held this last year in the Falklands/Las Malvinas resulted in a resounding ....we want to be part of Britain (but more so...frig off the lot of you and leave us alone to our sheep and solitude)

It isn't about oil...it is about territorial claims. The drilling to this point in time off the Falklands has been pretty much an economic bust (although if you read the BS press releases from Rockhopper et al you would think otherwise). When the original invasion occurred there was no belief in there being a lot of oil here.

That all being said....Christina Kirshner is certifiable. Along with the crazed maniac who is now running Venezuela she is hell bound in trying to destroy her country and her people for the sake of her concept of a Leninist leftist populist gov't. All of this rhetoric about Las Malvinas is part of "nothing in my hands presto" slight of hand. She has immense problems in the economy in Argentina, labor issues, massive inflation, currency restrictions which are bizarre at best, etc. The Malvinas/Falklands issue is all about " look over there....don't see what I'm doing here".

To my mind, like all the other nonsense the Kirshner gov't spews this is not worth worrying about, and definitely has squat to do with oil.

[Plantagenet]

This time Argentina isn't just making a claim on the Falklands. This time they are making a much much larger claim. Argentina now claims legal jurisdiction over the entire submerged continental shelf which extends all the way to South Georgia Island more than 1000 km east of the Falklands.

Its not the 1980s anymore---and Argentina has changed the nature of their claim. This new claim to the seabed is based on the continuation of the continental shelf. The basis for Argentina's claim is similar to Russia's claim to the submerged Arctic Ocean almost to the northern coasts of Canada and Greenland based on the Lomonosov Ridge or China's claim to a huge area of the seabed extending out from China almost to the coastlines of the Phillippines, Malaysia and Indonesia.

[dissident]

This time Argentina isn't just making a claim on the Falklands. This time they are making a much much larger claim. Argentina now claims legal jurisdiction over the entire submerged continental shelf which extends all the way to South Georgia Island more than 1000 km east of the Falklands.

Its not the 1980s anymore---and Argentina has changed the nature of their claim. This new claim to the seabed is based on the continuation of the continental shelf. The basis for Argentina's claim is similar to Russia's claim to the submerged Arctic Ocean almost to the northern coasts of Canada and Greenland based on the Lomonosov Ridge or China's claim to a huge area of the seabed extending out from China almost to the coastlines of the Phillippines, Malaysia and Indonesia.

Well, it was the USA that started the whole shelf claim rush in 1945.

http://geography.about.com/od/political ... oceans.htm

[Plantagenet]

it was the USA that started the whole shelf claim rush

The US claims a 200 mile exclusive zone, consistent with the United Nations Convention on the Law of the Sea. Most other countries that border on the ocean also follow the United Nations Convention on the Law of the Sea and claim no more than a 200-mile-wide zone.

However, Russia, China and now Argentina are all claiming HUGE areas of the sea floor that extend much much father than 200 miles from shore.

[rollin]

Neither Britain or Argentina are prepared to engage in this potential conflict. Britain is down to one carrier/assault ship.
It would probably be best for Britain to put ships in place and make a land based air force presence on the Falkland Islands right away. That would give a deterrent presence and give some time to send further force if conflict started.

[Tanada]

I am reminded of what President Andrew Jackson said when the Supreme Court ruled that the first peoples of the USA had rights and could not be forcibly moved to Oklahoma just because the President wanted it that way.
"They have made their decision, now let them try and enforce it" or words to that effect.

[ROCKMAN]

tanada - "...now let them try and enforce it". Yep...as I just pointed out in another thread: Waking softly and carrying a big stick doesn't work very well if the other guy feels you'll be hesitant to use it. OTOH the POTUS might like to distract the public from the healthcare issue but I doubt he would see it as a win/win to develop an armed confrontation with China. OTOOH I don’t see China hesitating to sacrifice aircraft, ships and personnel to make their point. They’ve got lots of bodies to spare and building more planes/ships helps their GDP. A real win/win for them especially if they show the other Asian countries that no one, even the mighty US, will stand in their way. IMHO the 2nd worst approach the POTUS could take is drawing a line in the Asian sand and then backing away. The worst, of course, would be a military confrontation with China. Given what the US has gone through over the last 20 years in the ME I’m pretty sure the public has zero appetite to engage in another conflict anywhere in the world. Especially with a country with the capabilities of China.

[ROCKMAN]

GAS - If it comes to putting boots on the ground I would imagine the Argentinians would be more concerned about the SAS, SBS and SRR than about subs. I know I would be. LOL.

[dolanbaker]

I think that issues with the Falklands is the least of their problems.

http://www.testosteronepit.com/home/201 ... rdoba.html

In the last 24 hours, the province of Córdoba spiraled out of control, with the very fabric of society being torn apart after a sudden absence of law and order sent a portion of the population into a looting frenzy and residents and store owners boarded up windows and doors, grabbed their shotguns and climbed to their roofs, waiting for the inevitable encounter with the enemy.

No, I am not exaggerating. This is what was happening until a few hours ago in an otherwise idyllic province known for its sun, its mountains and fun-loving population. Córdoba was immersed in pervasive social unrest that has left at least two people dead, dozens injured and landed many others in jail. So if you’re having trouble understanding why, here’s an explanation.


....


As sunrise, Córdoba residents woke up to a post-apocalyptic scene. They could see each other on the roofs with shotguns, ready to defend their homes and businesses. If you added zombies, it all looked like the set of The Walking Dead.

[John_A]

Argentina has just passed a law making it illegal for the UK to drill for oil off the Falklands.

Argentina starts new legal battle over Falkland offshore oil drilling

I wonder, if Argentina passed a law outlawing the Queen of England being named Elizabeth would it have about the same level of significance?

[Plantagenet]

China and Russia have the military might to grab the vast sea floor territorial claims. Argentina doesn't. However Argentinas claims make them the latest country to all the continental shelf beyond their coastline

The idea is gaining support

[dolanbaker]

http://www.bbc.co.uk/news/business-32284376
Oil drillers in the Falklands have shelved plans to drill a second well in the south and east of the region, following the steep drop in oil prices.

The move involves three oil exploration companies, Falkland Oil and Gas (FOGL), Edison International and Noble Energy.

They will continue their operations in other parts of the region, but need "disciplined capital management in the current oil price environment".

The price of Brent Crude has almost halved in the last year.

The announcement also follows Argentina's ramping up of political pressure on the companies last week.




The disputed sovereignty of the Falklands makes drilling there controversial.

FOGL initially planned to explore five oil wells in the region in 2015.

Oil explorers globally have scaled back drilling work to control costs amidst the steep decline in oil prices.

Shares in FOGL opened 4.3% higher as investors saw the news as positive.

[Tanada]

http://www.bbc.co.uk/news/business-32284376
Oil drillers in the Falklands have shelved plans to drill a second well in the south and east of the region, following the steep drop in oil prices.

The move involves three oil exploration companies, Falkland Oil and Gas (FOGL), Edison International and Noble Energy.

They will continue their operations in other parts of the region, but need "disciplined capital management in the current oil price environment".

The price of Brent Crude has almost halved in the last year.

The announcement also follows Argentina's ramping up of political pressure on the companies last week.




The disputed sovereignty of the Falklands makes drilling there controversial.

FOGL initially planned to explore five oil wells in the region in 2015.

Oil explorers globally have scaled back drilling work to control costs amidst the steep decline in oil prices.

Shares in FOGL opened 4.3% higher as investors saw the news as positive.

Not surprising, I would be acting slow and cautious if I were a big time oil investor as well. Stability is the desired outcome, in an unsettled situation like we have now investing can be very high risk/ very high reward//Bankruptcy kind of outcome. You can't predict it so if you invest everything and price do not come up you lose most or all of your investment. On the other hand if you snap up leases on the cheap right now and drill them a year or two from now your chances of making a lot of money are substantially better. All IMO as a non investor type person.