[Newsbot]

Title: Britain set for Falklands Islands oil windfall
Category: World
Posted By: Strutz
Date: 2012-02-16 14:38:48

[martin14]

$1:

The estimate of $167-billion compares with total tax revenue in Argentina of around $125-billion last year.

That'll be enough for the Argies to go to war again.

Should be enough money to pay for a couple of divisions though.
And a few missiles.

[GreenTiger]

Unless the Falkland Islanders start wanting to speak Spanish the first purchases with that money should be some real heavy military assets.

[bootlegga]

The UK already has strong assets in the area - far more than enough to deal with Argentina's obsolete armed forces.

[BartSimpson]

bootlegga bootlegga:

The UK already has strong assets in the area - far more than enough to deal with Argentina's obsolete armed forces.

I was out the last two days at a conference in San Diego and one of the folks attending was an Argentine FAA character who asserts that the UK will be "overwhelmed" by what the Argentines are planning to do next time. He also seemed to be far more obsessed with the fishing rights around the islands than he was with the matter of oil. If I'm reading this correctly, I'd anticipate that the Argentines plan on preventing any successful exploitation of the oil resources around the islands.