They've both had their moments of brilliance (Parklife, Blur's self titled, Definitely Maybe, Morning Glory), their mixed bags (Great Escape, Be Here Now) and their rubbish (Most of Think Tank, Most of Standing... and Heathen Chemistry). I'm a yank, but they're two of the bands I listen to most consistently, despite most people on this side of the pond only knowing them each for one song. What can I say? They're catchy.
I'll give the nod to Oasis. Noel Gallagher wrote pretty universal stuff that applied to a lot of people, while Damon Albarn wrote smart pop songs that applied more to British society. Although if they were both playing in my town on the same night, I'd go see Blur since I've already seen Oasis live before.
As for Oasis' newest album, it's easily the best since Be Here Now.
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