Perhaps you should consider looking at the reserves in the North Sea?
Perhaps you should consider the war 30 yrs ago and the UK's motives behind that?
Perhaps you should consider that Argentina was happy to just licks its wounds regarding the islands, until they got a whiff of possible oil off its shores?
Last edited by unclebob; Feb 07 2012 at 10:51 AM.
Brent (and WTI crude, as seen in the US of A) is more expensive than oil offer by OPEC countries.. significantly more expensive, as it contains less sulfur. Also, development and maintenance of oil fields in the inhospitable sea is not easy or cheap. Its quite simple really!
Heres a little info for you, as requested:-
The north seas oil reserves are still strong, as reported here. Of course, reserves are just estimates but 20/30/40 billion seems to be the most qouted figures around:-
Theres plenty of info out there, if you wish to learn more. try this site:-
Last edited by unclebob; Feb 07 2012 at 11:20 AM.
And, why did we protect the islands in the 80's, when there was no oil in the equation?
I really don't think you have thought your argument through, to be honest.