Editing History of the Falkland Islands (section)

===Attempts at diversifying the economy===
[[File:Port-William.JPG|left|thumb|A squid trawler, and a cruise ship in [[Port William, Falkland Islands|Port William]] representing two trends in recent economic development]]

Before the Falklands War, sheep-farming was the Falkland Islands' only industry.<ref name="browne20020317">{{cite news | url=https://www.theguardian.com/world/2002/mar/17/uk.falklands?INTCMP=ILCNETTXT3487 | title=Falkland Islands millionaires reap the war dividend | work=The Observer | date=2002-03-17 | access-date=15 July 2012 | author=Browne, Anthony}}</ref> Since the late 1980s, when two species of [[squid]] popular with consumers were discovered in substantial numbers near the Falklands, fishing has become the largest part of the economy.<ref name="herbert20070118">{{cite news | url=https://www.independent.co.uk/news/uk/this-britain/wanted-holiday-rep-to-sell-joys-of-falklands-tourism-432581.html | title=Wanted: holiday rep to sell joys of Falklands tourism | work=The Independent|location=London | date=2007-01-18 | access-date=10 August 2012 | author=Herbert, Ian}}</ref>

On 14 September 2011, Rockhopper Exploration announced plans under way for oil production to commence in 2016, through the use of [[Floating production storage and offloading|Floating production storage and offloading (FPSO)]] technology, replicating the methodology used on the [[Foinaven oilfield|Foinaven field]] off the [[Shetland Islands]].<ref>{{cite web
 |url         = http://www.rockhopperexploration.co.uk/pdf/cap_markets/RKH_CapMark_Section_04Development.pdf
 |title       = Capital Markets Presentation - Development
 |publisher   = Rockhopper Exploration plc
 |date        = 14 September 2011
 |access-date  = 2011-09-14
 |url-status     = dead
 |archive-url  = https://web.archive.org/web/20120123135610/http://www.rockhopperexploration.co.uk/pdf/cap_markets/RKH_CapMark_Section_04Development.pdf
 |archive-date = 23 January 2012
}}</ref> The production site will require approximately 110 people working offshore and another 40 working onshore.<ref>Rockhopper presentation - page 130</ref> The oil is expected to trade at {{nowrap|90–105%}} of the Brent crude price.<ref>Rockhopper presentation - page 151</ref>

Some small businesses attempted at Fox Bay have included a market garden, a salmon farm and a knitting mill with "Warrah Knitwear".

[[Tourism]] is the second-largest part of the economy.{{r|herbert20070118}} The war brought the islands newfound fame; now tourists come both to see wildlife and go on war tours. Cruise ships often visit, frequently as a tie-in to [[Tourism in Antarctica|Antarctica]].{{r|browne20020317}} Nonetheless, the remoteness of the archipelago, and the lack of direct flights to major cities, make the Falklands an expensive destination.