Oil has been discovered in the waters around the Falklands. This has revived the decades-old conflict between Argentina and the United Kingdom, both of which claim the islands – and this time the rest of Latin America is united behind Argentina. Will we see the developed world unite behind England?

Given the realities of peak oil, finding more is a good thing. However, as oil becomes more and more precious as the supply dwindles – and as foolish Western governments have failed to prepare for – the potential for conflict becomes very high indeed. The United States has a massive military presence in the Middle East to protect its “national interests” there, and the United Kingdom is likely to take the same view of any oil discovered anywhere they can make any sort of claim to.
(more…)