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Editor’s Note: The following report is excerpted from Joseph Farah’s G2 Bulletin, the premium online newsletter published by the founder of WND. Subscriptions are $99 a year or, for monthly trials, just $9.95 per month for credit card users, and provide instant access for the complete reports.

WASHINGTON – Great Britain has dispatched additional military forces – including a nuclear submarine – to the region of the Falkland Islands in a bid to reassert its claim for the region against those of Argentina, according to a report in Joseph Farah’s G2 Bulletin.

The move comes in light of the discovery of major oil reserves, estimated at eight billion barrels, there. Britain had laid claim to the islands in the 19th century and reinforced that claim in a limited war in 1982 with American assistance.

With the recent discovery of the vast petroleum reserves, it is highly unlikely that Britain will relinquish those claims even though the Falklands are half a world away.

The Argentines, however, still regard the Falklands as belonging to them and asserted that claim in its 1994 revised constitution. The Argentines viewed their 1982 action on the Falklands as an attempt to reoccupy their own territory, while Britain regarded it as an invasion of a British dependent territory.

Regional analysts see the latest flare-up of tensions over the Falklands as a domestic political effort to ignite the latent dislike by Argentinians of the British in light of the discovery of the vast oil deposits.

In this way, the Argentines hope to win over international opinion and force the British to the negotiating table to work up an agreement to give the Argentinians a share of the vast reserves.

While the latest dust-up isn’t expected to result in another shooting war, analysts don’t see Argentina’s effort succeeding in getting a share of the reserves which London views as an economic bonanza to bring it out of its current recession.

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