All told we plan to make available more than 75 percent of our potential offshore oil and gas resources from Alaska to the Gulf of Mexico.

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Various nations that, whether by inadvertence or a conscious desire to hoard precious resources, are locking up much of their potential oil production.

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The country has ample natural and human resources, albeit not the strategic kind, like oil, that really motivate potential interveners.

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In other words, the foreign companies incur the risk of investing resources into a project with none of the potential rewards associated with high oil prices.

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Potential targets include producers in the Canadian oil sands such as Canadian Natural Resources and Nexen, said Peter Churcher, executive vice president of Eagle Energy and a former executive with the Abuu Dhabi National Energy Company.

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Located about 480 kilometers (298 miles) east of the tip of South America, the Falklands have long been coveted as a strategic shipping stopover and potential wellspring of natural resources, including lucrative fisheries and a growing oil drilling industry.

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