THERE is good potential to find significant volumes of oil and gas in the Falkland Islands. That's the optimistic message from oil industry representatives who were in the Islands last week for a series of meetings with the government, private sector and military.
Legislators from Chile's environmental caucus reacted angrily last week to reports that state-owned mining company CODELCO is violating legal pollution limits for their waste water – in some cases by more than 700%. Senator Guido Girardo (PPD) and Deputy Alejandro Garcia-Huidobro (UDI) demanded that company executives be personally held responsible for their company's excesses, and denounced current sanctions as insufficient.
The United States Department of the Interior's Minerals Management Service recent central Gulf of Mexico lease sale received 1,428 bids on 723 tracts, attracting 2.9 billion US dollars in high bids – the second highest total in U.S. leasing history.
Argentina seems to be heading for a record crop of 100 million tons, five million more than the 2006/07 record, and with even higher prices, in money terms this could mean an overall additional four billion US dollars.