Not really. It all boils down to what the Falklands have to...

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    Not really. It all boils down to what the Falklands have to offer the Brits.

    "THE promise of offshore-oil riches has dangled over the Falkland Islands for years. Seismic data go back as far as the 1950s; exploratory wells were drilled in 1998. With just 2,563 residents, a multibillion-dollar oil industry would make the Falklands one of the richest communities on earth. The local Falkland Islands Government (FIG) has already crafted its own fiscal policy to collect a 9% royalty on petroleum that is eventually extracted and a 26% corporation tax on future licensees. The FIG is planning to channel revenues into a sovereign-wealth fund, modeled on Norway’s."

    It's a huge shame that Australia hasn't followed in the footsteps of Norway in regard to money generated from mining during the good times. We managed to have a boom and still go deeper into debt. How stupid.

    http://www.economist.com/blogs/americasview/2014/02/oil-and-gas-falklands
 
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