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Is the Falklands worth fighting for – hell yes, there’s oil in them there hills! Plus the fishing rights bring the islanders a pretty penny, which I understand contributes to the existing Garrison. The scramble for resources in the Artic Oceans will make the Falklands more strategically important from a security perspective. Like Ascension Island we could ultimately see a joint UK/US presence there in years to come.
A pity nobody told Maggie & her cabinet that in 1979, or maybe they wouldn't have shelved the Shackleton report & ignore its proposals to improve the airport & port & invest in oil exploration, downgraded the Falkland Islanders British citizenship (including taking away their right of abode in the UK - rescinded after the war), rejected proposals to spend some money on the run-down barracks, announced the withdrawal without replacement of the S. Atlantic patrol ship, & started negotiating with the Argentinean junta about a cession of sovereignty. It was that lot - and the poor response to some carefully escalated Argentinean provocations - which convinced Galtieri et al that we wouldn't fight for the islands. If the government had shown a little spine
before the war, I doubt very much it would have happened.
http://www.falklands.info/history/history6.html
If we want to avoid future wars, we have to learn from that, & avoid making the same mistakes. Don't ignore the effect on others of decisions taken for internal reasons. Don't ignore signals sent by prats like Chavez, however worthless we think them. Send clear signals of our intent.
BTW, there's a problem with a US presence in the Falklands: the USA doesn't recognise our (or anyone elses) claims in the Antarctic, so unless they change that policy (unlikely), giving them a base would tend to undermine our position down there rather than reinforce it.