MercoPress. South Atlantic News Agency
Falklands’ oil explorer says deal with US company is “not politically motivated”
The Chief Executive of Falkland Oil and Gas Ltd, FOGL, has said that its farm out agreement with Texas based US firm Noble Energy is not “politically motivated”, according to a report by the Daily Telegraph. Read full article
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Disclaimer & comment rulesCan't speak for anyone else but it isn't so much the motivation as the effect that I'm interested in. There might have been no political motivation in choosing continental EU and US based companies (I doubt it given FIG and FIC stakeholders) but there is nothing but positive effect from doing so from the perspective of one who desires the right.
Aug 09th, 2012 - 06:12 am - Link - Report abuse 0No doubt due digilence was used to close the deal.
Aug 09th, 2012 - 07:12 am - Link - Report abuse 0The motivating factor here is oil and money.
Aug 09th, 2012 - 08:54 am - Link - Report abuse 0The US uses vast amounts of petrochemicals, and lately there has been a growing feeling that they depend too much on the middle east, which isn't the most stable region on earth.
By moving into new areas with huge potential, they will be cutting down the amount of middle eastern oil they have to rely on.
That's why they are in the Falklands. The reason they are aligning with the Falkland Islands and not Argentina?
Easy to answer.
The US are still angry over the Argentines boarding their military jet without permission.
The US companies are wary of doing 'business' with Argentina since CFK's protectionist measures means that they wouldn't make a profit.
Argentina's proclivity for choosing friends such as Iran, Syria, Cuba, and Venezula worries the US that profits from oil could be used against US interests.
My bet is that after the UN supervised referendum in the Falklands next year, the US will come off the fence and fully acknowledge the result. After all, the US sees itself as the champion of democracy in the world.
I also believe that some of CFK's support will erode away from the Latin American countries, as they realise that:
1. The Falkland Islanders have used their right of self determination.
2. The Falklands will be a very rich place with whom they can do business, without all the protectionist measures that CFK throws up.
Maybe by then the political landscape in Argentina will have changed. Who knows the Argentines may get a decent, incorruptible politician. But the cynical part of me doubts it.
The poor sod who takes over from CFK will have their job cut out for them. Not only will they have to resuscitate the Argentine economy, they will have to try and rebuild Argentina's credibility as a 'serious' country on the international stage. Especially with the US and EU.
Noble Energy also brings good knowledge and experience of deep drilling which will have been especially attractive to FOGL.
Aug 09th, 2012 - 09:07 am - Link - Report abuse 0Border and Southern might also still succeed with its Stebbing Well given that the prospect remains unevaluated at lower levels.
The motivation is probably because they recognise a politically stable and totally uncorrupt country with a sound and transparent legal system along with a clear financial regime. They will have noted that we have established a reputation for one of the best managed fisheries in the world, despite the effrorts of CFK and her crooked cronies to undermine it.
Aug 09th, 2012 - 10:29 am - Link - Report abuse 0They are justified is assuming that management of OUR oil rescouces will be equally good.
the US joining in the Falklands picnic is the End Game for the Argtards and their cronies and they know it, because they have to curb in their rhetoric or they will have a few trigger happy vessels offshore waiting to unleash a cruise missile enema straight for their empress and her rancid cornhole, and if chubby chavez gets in the way its a bonus.
Aug 09th, 2012 - 11:27 am - Link - Report abuse 0Falklands Black gold, it tastes sooooo good......Everyone wants it!!!!
I think it's true that this move has complicated matters considerably for Argentina, along with their clear vote on self-determination next year. It just basically says to Christina - yes we can hear you, but we really don't care!
Aug 09th, 2012 - 01:55 pm - Link - Report abuse 0#6
Aug 09th, 2012 - 05:13 pm - Link - Report abuse 0No cilvilized country, being the UK and USA and so forth, will not in most scenarios unleash any cruise missles on a country that cannot defend itself. Because Argentina does not understand the basic tenents of diplomacy makes them a political pariah, but far from a target of attack.
CFK is creating a blackhole that the entire real world sees. ANd that sucking sound you hear, is Argentina getting sucked into it.
@3
Aug 09th, 2012 - 07:45 pm - Link - Report abuse 0Excellent post.
@9 -ChrisR
Aug 09th, 2012 - 08:04 pm - Link - Report abuse 0Thanks. I do have the occasional epiphany, although I am usually drunk when it happens, and can't remember it the next day.
It came as quite a surprise when this one came to me whilst I was sober, so I posted it immediately before I forgot.
@6 “Give peace a chance” what would you see that as?
Aug 09th, 2012 - 10:19 pm - Link - Report abuse 0me i see that as an needless ultimatum, see it my way or else no peace, pretty much a veiled threat. Argentina has recent history as we all know. last time we went soft on the Argtards they invaded with the cost of british soldiers lives. now chubby chavez is on the scene expect to see russian hardware making their way to the patagonias (on lease) chubby (backed secretly by ruskies) will make sure this turns ugly? look at the bigger picture they have already made the excuse to build up any military presence by blaming britain for militarizing the south atlantic first.
we took our eyes off the ball once before and it cost lives, any viable threat to the islands should have a warning and if that doesnt work they get a pre-emptive strike. we paid the price of being soft once, never again.
if you square up to mike tyson cussing, aggressively then expect to be knocked the fook out.
As I stated in the first sentence “most scenarios”. Even with Yougo, I still see Argentina as a pissant in the sand. I think Chubby knows what he will lose if he thinks his military is a real force.
Aug 09th, 2012 - 11:17 pm - Link - Report abuse 0@3
Aug 09th, 2012 - 11:24 pm - Link - Report abuse 0“”“”The poor sod who takes over from CFK will have their job cut out for them. Not only will they have to resuscitate the Argentine economy, they will have to try and rebuild Argentina's credibility as a 'serious' country on the international stage. Especially with the US and EU.“”“”
QFT
@11
Aug 10th, 2012 - 09:57 am - Link - Report abuse 0The one positive if the Chav sends Russian Jets (Sukhoi SU30s?) to Argentine bases in the south, is that the USA will be likely to cease their neutrality over the issue.
The USA pay lip service to Argentina, but if push comes to shove it is difficult for the US to ignore the support they have had from the UK that Argentina has failed to reciprocate.
If the Chav does order his aircraft into action against the Falklands, I hope he will be willing to foot the bill to replace the runways in Southern Argentina that will be destroyed as a consequence of UN article 51.
@14 - Pete
Aug 10th, 2012 - 11:59 am - Link - Report abuse 0“If the Chav does order his aircraft into action against the Falklands, I hope he will be willing to foot the bill to replace the runways in Southern Argentina that will be destroyed as a consequence of UN article 51.”
I doubt it, he'll be too busy using the money to repair the Venezula military bases which would also be destroyed under article 51.
Chavez and CFK seems to forget that the UK can project itself very far when it wants too. A few non-nuclear armed cruise missiles could easily reach anywhere in South America after being fired from a sub in the south atlantic. I mean, in 2001/2002 the British fired cruise missiles from subs in the Indian ocean to attack targets in Afghanistan.
One would hope that Chavez and CFK wouldn't be that stupid to try a military option, but any attack on US interests will see the US come off the fence in a big way.
Nothing motivates the US people like gas and oil. As ElaineB said on a different thread, the Oil Industry has a huge lobby in Washington, and no US government could survive going against them, and the US public.
The involvement of this US company has basically put the kaboosh on all of CFKs and Chavez's plans. So all they can do now is cry and stamp their feet.
@12 i agree “most scenarios” and “p1ssants” still good idea to let them know the threat of strikes is there and will be used.
Aug 10th, 2012 - 12:06 pm - Link - Report abuse 0nip that 5hit in the bud.....
@11 i think US neutrality in the Falkland dispute has disolved somewhat behind closed doors anyway with the joining of US drilling co. Noble to the Falkland Oil party, at the end of the day US will look after its interests Noble being one of them.... i say more american investment, cant see argtards dragging the US through Argtard courts while the tards are still looking for loans from the imf through fear of being blocked again.
I'm not so much worried about the company being politically motivated, as the politicians being commercially motivated!
Aug 11th, 2012 - 08:41 pm - Link - Report abuse 0@17
Aug 11th, 2012 - 10:33 pm - Link - Report abuse 0Obviously the FIG politicians are going to be commercially motivated as the Islands do not have limitless resources,therefore they have to make the best of what they have.
If oil is found in sufficient quantities it might be possible to enable the Falkland Islands to build up their infrastructure and wealth en route become an independent country. (if that is their desire in years to come).
To ensure a monetary flow to the Islands that could enhance their autonomy,
of course they have to deal with commercialism, to create that money to help their fledgling nation grow.
#18 I wasn't just talking about FIG politicians...
Aug 12th, 2012 - 01:12 pm - Link - Report abuse 0Blind_Scottie_Kirchnerist
Aug 12th, 2012 - 08:58 pm - Link - Report abuse 0Politicians NEED to be commercially motivated, but NOT self-financially motivated like TMBOA.
Without commercial reality you end up fcuked, like Argentina, Venezuela and Cuba et al, because they make decisions on finance that have no basis in the real world and someone else always ends up paying for it.
Scotland is going to find that out soon when we cut you adrift without a paddle.
@19
Aug 13th, 2012 - 03:32 am - Link - Report abuse 0OK BK, which other politicians?
Please support our page - Honour Restored Falklands Liberation - dedicated in honour of all those who helped liberate the Falkland Islands in 1982 and dedicated to keeping the islands free for future generations to grow up in the peace and security -https://www.facebook.com/HonourRestored
Aug 18th, 2012 - 05:26 pm - Link - Report abuse 0Commenting for this story is now closed.
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