Blue Waters, Black Oil in the South China Sea


From CNBC, dateline 2011-07-19:

No Asian country with territorial claims in the blue waters of the South China Sea – and claims to the black oil far beneath the waves – has installed a single oil drill in the heart of the disputed region.

To date, only the sea’s continental shelves and coasts of sea-bordering countries have been explored and exploited for oil and natural gas. These sites can be found off the eastern shores of Vietnam, east of Malaysia, north of Indonesia and Brunei, west of the Philippines, and south of China.

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Romeo Gacad | AFP | Getty Images
China’s flag flies over octagonal structures built on stilts in the Philippine-claimed Mischief Reef in the disputed Spratly Islands located in the South China Sea.

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