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Old 19th Apr 2015, 17:29
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Bevo
 
Join Date: Oct 2006
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Argentina has begun legal proceedings against three British and two US companies for drilling oil near the Falkland Islands.
So now they want to start a fight with both countries: would be an interesting joint venture. But then not many folks are suggesting their government is all that smart.

Analysts suggested Argentina would have little joy in the courts.

"The Argentines will lose," Malcolm Bracken at Redmayne Bentley told the BBC. "They have no jurisdiction - the UN settled the matter in 1982."

In fact, he said the country's current position would prove counterproductive. "All they're doing is handing any possible benefit that Argentina may have had from the oil boom in the south Atlantic to Chile. "There'd be an awful lot of logistic support needed for drilling that simply isn't available in the Falklands. They'd need a port somewhere and that's likely to be near Chile rather than Argentina, so they're cutting their own nose off to spite their face."
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