The article discusses the recent discovery of a large oil field in the coastal waters of the Falkland Islands, which has sparked concerns about potential conflicts with Russia over the resource. However, the author argues that the Falklands have an even more valuable and longer-lasting resource that they have not yet tapped: renewable energy.
The article provides details on the newly discovered oil field, which is estimated to contain the equivalent of 1.7 billion barrels of oil. At current prices, this could potentially generate $25 billion in profits over the decades it would take to extract the oil.
However, the author suggests that the Falklands' renewable energy potential, such as wind and wave power, is a far more valuable and sustainable resource that the islands have not yet fully utilized. Renewable energy would be less environmentally damaging and could provide a longer-lasting economic benefit to the Falklands and the UK.
The article does not provide specific details on the Falklands' renewable energy potential, but it implies that this untapped resource could be more valuable than the newly discovered oil reserves.
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by Will Lockett om medium.com 07-05-2024
https://medium.com/predict/the-falklands-have-a-far-more-valuable-untapped-resource-than-its-new-found-oil-722b3e59e5b5Diepere vragen