{"id":363638,"date":"2010-02-25T11:09:12","date_gmt":"2010-02-25T16:09:12","guid":{"rendered":"http:\/\/www.businessinsider.com\/the-new-falklands-crisis-is-nothing-new-at-all-except-theres-oil-this-time-2010-2"},"modified":"2010-02-25T11:09:12","modified_gmt":"2010-02-25T16:09:12","slug":"theres-just-one-little-difference-between-this-falklands-crisis-and-the-last-one","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/363638","title":{"rendered":"There&#8217;s Just One Little Difference Between This Falkland&#8217;s Crisis And The Last One"},"content":{"rendered":"<p><img decoding=\"async\" class=\"float_right\" src=\"http:\/\/static.businessinsider.com\/image\/4b869a467f8b9a2850800000\/sun-falklands.jpg\" border=\"0\" alt=\"Sun Falklands\" \/><\/p>\n<p>The new Falklands crisis brings old foes back together in Argentina and the UK, but this time oil is a more prominent factor.<\/p>\n<p>The crisis has kicked off because a British company is trying to take advantage of a <a href=\"http:\/\/www.businessinsider.com\/british-rig-starts-drilling-in-contested-falkland-islands-2010-2\">potential 3.5 billion barrels of oil reserves<\/a> in the waters off the islands.<\/p>\n<p>This comes at the same time as a <a href=\"http:\/\/www.businessinsider.com\/british-navy-cuts-off-argentine-warship-in-apparent-escalation-of-new-falklands-crisis-2010-2\">British Navy destroyer<\/a> intercepted an Argentinian military vessel near the islands.<\/p>\n<p>Both countries are having political and economic problems at the moment, <a href=\"http:\/\/en.wikipedia.org\/wiki\/Falklands_War\">similar to 1982 war<\/a> period where Thatcher was trying to wrestle her way to UK political dominance and Argentina had just had a swap of military leaders.<\/p>\n<p>Now Gordon Brown and his Labour Party are faced with a <a href=\"http:\/\/www.businessinsider.com\/why-a-hung-parliament-could-mean-credit-downgrades-for-the-uk-2010-2\">tight election<\/a> at home due to the economic crisis and Argentina is involved in a domestic economic squabble where the executive is trying to use reserve funds to <a href=\"http:\/\/www.businessweek.com\/news\/2010-02-24\/argentina-federal-court-keeps-freeze-on-use-of-reserves.html\">pay off the country&#8217;s debt<\/a>.<\/p>\n<p>The unstable political situation could add fuel to the conflict as <a href=\"http:\/\/news.bbc.co.uk\/2\/hi\/americas\/8533860.stm\">Argentina has called on the U.N<\/a> to intervene in its favor and the <a href=\"http:\/\/news.oneindia.in\/2010\/02\/25\/usrefuses-to-endorse-british-sovereignty-in-falklands.html\">U.S. has refused to back the UK<\/a> over their sovereignty position.<\/p>\n<p><a href=\"http:\/\/www.businessinsider.com\/the-new-falklands-crisis-is-nothing-new-at-all-except-theres-oil-this-time-2010-2#comments\">Join the conversation about this story &#187;<\/a><\/p>\n<p><b>See Also:<\/b><\/p>\n<ul>\n<li><a href=\"http:\/\/www.businessinsider.com\/british-navy-cuts-off-argentine-warship-in-apparent-escalation-of-new-falklands-crisis-2010-2\">British Navy Cuts Off Argentine Warship In Apparent Escalation Of New Falklands Crisis<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/argentina-central-bank-mutiny-costs-local-bernanke-equivalent-his-job-criminal-charges-2010-1\">Argentina Central Bank Mutiny Costs Local Bernanke Equivalent His Job, Criminal Charges<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/british-rig-starts-drilling-in-contested-falkland-islands-2010-2\">Tension Builds As British Start Drilling For Oil In Contested Falkland Islands<\/a><\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/TheMoneyGame\/~4\/R5-6QUJx7hM\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The new Falklands crisis brings old foes back together in Argentina and the UK, but this time oil is a more prominent factor. The crisis has kicked off because a British company is trying to take advantage of a potential 3.5 billion barrels of oil reserves in the waters off the islands. This comes at [&hellip;]<\/p>\n","protected":false},"author":1977,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-363638","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/363638","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1977"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=363638"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/363638\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=363638"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=363638"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=363638"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}