On Sun, 19 Feb 2012 07:55:16 +0000 (UTC), bill wrote:
> On Sun, 19 Feb 2012 13:30:29 +1100, SolomonW wrote:
>
>> On Fri, 17 Feb 2012 10:13:38 -0800 (PST),
dump...@hotmail.com wrote:
>>
>>> Britain set for Falklands Islands oil windfall:
>>>
>>>
http://www.defenceweb.co.za/index.php?
> option=com_content&view=article&id=23631:britain-set-for-falklands-
> islands-oil-windfall&catid=51:Sea&Itemid=106
>>
>> 10-25 percent odds???
>
> That's almost certainly the chance of each bore hole of hitting oil
> rather than the chance of finding oil at all.
>
> It has been well known for many years that the Falklands sits in a
> geologically favourable area for finding hydrocarbons, indeed itw as
> mentioned at the time of the 1983 war as almost certainly being there but
> it was expected that the technology to extract the oil wouldn't be
> available for many years.
>
> Much the same applies to the Antarctic areas held by the UK by virtue of
> them holding the South Atlantic islands. They're almost certainly oil
> bearing but the technology to get that boil out won't be around for some
> decades yet.
>
> That's before we get to the minerals there.
>
> This conflict is about more than a silly dispute over 4,000 sheep farmers.