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gruffydd

Falklands Oil Failure

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No surprises here.

If there was serious oil in the Falklands then they would be a US protectorate by now.

This is just a rerun of previous Falkland Oil Swindles where initial claims are exaggerated to pump up the share price and lure in the suckers before the inevitable 'disappointing results' announced after the insiders have skedaddled with all the mugs money.

Edited by realcrookswearsuits

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No surprises here.

If there was serious oil in the Falklands then they would be a US protectorate by now.

And how are they going to achieve that - send their army in?

How would that affect US relations with the rest of the world if they did!

tim

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And how are they going to achieve that - send their army in?

How would that affect US relations with the rest of the world if they did!

tim

Oh come on now, have some imagination.

They would declare a terrorist attack or something and take it over, or would 'ask' the British government if they could build an airbase there. They'd promise to pay us handsomely for it, once the airbase was built they'd laugh in our faces.

Diego Garcia for example is a perfect example of this. You reckon the US airforce would ever leave if we asked them to nicely?

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They would declare a terrorist attack or something and take it over, or would 'ask' the British government if they could build an airbase there. They'd promise to pay us handsomely for it, once the airbase was built they'd laugh in our faces.

I'd imagine that merely offering to take it off Britain's hands would work these days; then the government could scrap the aircraft carriers entirely and save billions.

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There are quite a number of potentially very profitable fields in the world where any investor with balls of steel can invest if they are prepared to take the risk of turning up nothing (as appears to be the case with the Falklands).

The problem is not that there is no oil to be had, the problem is the amount of oil to be had relative to global demand. Even if the Falkland's field had turned up trumps and made a killing for the investors, it would still have only represented 3 month's global supply on the very best estimates.

All of this sh*t the world is in is fundamentally down to the black stuff running low. If you don't think so then just consider what would happen to the world economy if another Ghawar field were discovered tomorrow and the price of oil dropped to $20 per barrel.

Another global boom is what would happen.

Here we are, in the middle of the biggest global contraction in 60 years and yet oil is still over $80 per barrel. There just isn’t enough of the stuff and that's the elephant in the room that won’t go away.

It's the reason why this global recession is going nowhere soon.

Edited by tallguy

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All very good posts so far...

the way I see it (if oil was discovered) is that USofA would announce that some rebel leader of an South America country was using the Falklands Islands as some kind of terrorist training camp, come up with Operation Argentine Freedom, drop lots of bombs and shoot loads of .50cal bullets indiscriminately throw in blue on blue situations into the mix and hey presto seize control of the oil fields and dish the exploration rights out to their favoured American oil companies as happened in Iraq who at the time had contracts drawn up for the Russians, Chinese, French and British. After the initial phase the British were given the very unlucrative contracts for putting in the water infrastructure while the yanks magnaminously held on to the oil (no money in oil they say!).

Oil is so important that when any of the OPEC countries say they are tired of receiving freshly printed greenback for a finite resource and that they'd rather a basket of currencies instead. Uncle Sam broadcasts to the world that this particular country is a 'rogue state' and then threatens to annihilate them unless they become cooperative.

1 Barrel of Oil = 10,000 man hours of labour

@ $80 that's less than 1cent an hour!

The trading relationship between the US and GB is mostly one of currency i.e. we agree to buy and sell $/£ and vice versa at any price on any given day to keep the $ artificial high (and £ too) compared to the rest of the world.

lose oil out the equation and then the dollar becomes worthless (and £ too).

:lol:

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Oil is so important that when any of the OPEC countries say they are tired of receiving freshly printed greenback for a finite resource and that they'd rather a basket of currencies instead. Uncle Sam broadcasts to the world that this particular country is a 'rogue state' and then threatens to annihilate them unless they become cooperative.

:lol:

A couple of years ago somebody told me about his theory on Iran, that they wanted to sell oil in Euros. They did but it had nil effect as Iran is a net importer. When Iran starts getting large scale nuclear power they can import more of the blackstuff instead of burning it as they do today. NOT in US$ too, which is why Iranian nuclear weapons thing (although they are very useful) is less of a rogue state thing but more of a petroldollar thing.

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And how are they going to achieve that - send their army in?

How would that affect US relations with the rest of the world if they did!

tim

If there was serious oil there (which there probably is not) then they would simply make us an offer we could not refuse.

Just like in the Godfather or the Sopranos.

Either we accept an offer of 'protection' in the form of a US base or some nasty accident (military or economic ) would happen.

It was enough to scare the sh*t out of the British government at Suez so there is every reason to suppose it would work again.

Edited by realcrookswearsuits

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  • 140 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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