Black gold found off the Falklands

This could be bad news on two fronts ,
1) A return to tensions between Argentina and the UK
2) perhaps more important it will be another deep water oil rig located in an area of over twenty Conservation Nature Reserves .
Is it just me , or is oil exploration increasing in a time when we are told that we need to move away from fossil fuels .
Will they ever learn that actions speak louder than words ?

Rockhopper Exploration today announced that it has made an oil discovery in the North Falkland Basin - the first oil find of an exploration programme in the Falkland Islands that has already pushed relations between London and Buenos Aires to breaking point. Oil exploration in the islands off the coast of South America has sparked angry protests from Argentina, which claims the British territory.

Oriel Securities analyst Richard Rose said the oil find was very positive for Rockhopper and the share price reaction was not overdone, but cautioned that more information was needed on the quality of the oil reservoirs .
He said: 'If it does prove to be good quality reservoir, we're looking at maybe a discovery of a couple of hundred million barrels. It's very significant.'

Source

I will say this again, oil is NOT scarce. Do a search here on ATS. You will find all kind of threads on the theories of where oil comes from.

Also, you will find theories on the TRUE quantities of oil.

Oil is everywhere. If you drill deep enough, you will hit oil, IMO.

I believe the bull theory of oil being created by the chemical reactions of carbon from dead plants and animals was fed to us by the propaganda wings of all our governments.

Why is it that everytime they calculate the peak oil production or the problem of oil running out, we get these stories of vast oil finds?

IMHO, this is to prevent the world and sovereign countries realizing that they have been lied to all along.

CONTROL.

Hopefully the two countries do not start another conflict over this. TPTB are vultures, they feed of chaos and death.