TEK's February report touched on oil exploration around the Falklands. At that time it instigated an interesting but heated debate on Facebook. Having been challenged on the facts of the matter we dug a little deeper. This led to an update of the report with regard to oil.
Today March 16, 2012, the latest news regarding the Falklands issue seems to confirm that our initial report was indeed correct. Whilst the UK may maintain that it is simply hanging onto the Falklands because the people of the Islands want to remain with a sovereign British Rule, oil could be at the heart of the matter.
Argentina has now threatened court action over the UK Falkland Islands oil exploration. The Argentinian Foreign Minister Hector Timmerman called the behaviour of the firms drilling of the Falklands as "illegal intimidation". Not surprisingly the UK Foreign Office has claimed that the oil drilling is a legitimate commercial venture.
UK PM David Cameron has reiterated that the UK will "continue to protect and defend" the islands. Perhaps now we at least know in part why.
Falkland conflict history here