Plantagenet wrote:
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.
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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 wrote:Plantagenet wrote: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.
Plantagenet wrote: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 wrote: it was the USA that started the whole shelf claim rush
Alfred Tennyson wrote:We are not now that strength which in old days
Moved earth and heaven, that which we are, we are;
One equal temper of heroic hearts,
Made weak by time and fate, but strong in will
To strive, to seek, to find, and not to yield.
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.
Plantagenet wrote: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
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.
dolanbaker wrote: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.
Alfred Tennyson wrote:We are not now that strength which in old days
Moved earth and heaven, that which we are, we are;
One equal temper of heroic hearts,
Made weak by time and fate, but strong in will
To strive, to seek, to find, and not to yield.
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