Chile Forum

admin wrote:Yea, hope their stupidity does not make Chile guilty by association economically. Ultimately, the consistent stupidity helps Chile, just it freeks out wall street when the neighbors get aggressive about anything. This time however I think it is just doing a super job of highlighting the differences between Chile and Argentina. Chile enters the OECD, and Argentina enters a war with a super power and its central bank at the same time. himmmmm

So as as the sound of political sabre rattling returns to the South Atlantic, could we repeat that success today? I'm not doubting the resolve of our armed forces - our soldiers, sailors and airmen have a long and proud track record of plucking success from adversity - but I'm sorry to say that we no longer have the ships and equipment to launch a sea-borne attack on an enemy on the other side of the world

anyone got a good map of just where the disputed area is located? I am just curious how close to shore it is.

Repsol (REP 22.69, +0.26, +1.16%) said Thursday it plans to start drilling in the Malvinas Basin in Argentine territorial waters.
The Spanish oil major's Argentine unit, YPF, is the lead operator. YPF, Petrobras (PBR 42.61, +0.75, +1.79%) and Panamerican Energy each owns a third of the consortium.
This week, a British oil rig sent by Desire Petroleum Plc (UK:DES 107.50, +0.50, +0.47%) began drilling in disputed waters off the coast of the Falklands.
Rockhopper Exploration Plc (UK:RKH 61.00, -0.75, -1.21%) , a company formed to seek oil in the Falklands, plans to begin drilling in about a month.
BHP Billiton (BHP 73.33, +0.89, +1.23%) is working with Falkland Oil & Gas Ltd. (UK:FOGL 154.00, -3.00, -1.92%) on drilling programs in the region.
Borders & Southern Petroleum Plc (UK:BOR 63.00, +3.00, +5.00%) , which also holds drilling rights off the Falklands, is moving ahead with plans for three wells.
Rockhopper, which has been expanding on Royal Dutch Shell's knowledge base, said an independent study of its acreage yielded an estimate of a potential 1 billion to 2.8 billion barrels of oil in acreage it controls in the region.
"Further work on the prospectivity of Shell's 1998 drilling program, through extensive three dimensional seismic evaluations, has led to newfound optimism in the region, and has resulted in the relative buoyancy of Rockhopper's share price (in the U.K.),"