Quote Originally Posted by lastlid View Post
The problem for the Yanks or the British is who exactly would they pay to extract the oil? The Chinese or the Philippine governments? British Gas are in China already for example, in the "Chinese" part of the South China Seas and know where they stand with the Chinese in the areas they operate in, but there cant really be any developement in oil and gas exploration on the "Philippine" side of the South China Seas until it is decided who it exactly it belongs to. Too risky for the oil and gas companies or the drilling contractors or service companies.
I agree lastlid..