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|UNDERLYING PROBLEM The US says China is blocking $2.5 trillion in South China Sea oil and gas|
Tensions surrounding the South China Sea have always been largely about oil and natural gas. But it’s often been argued that the strategic shipping lanes carrying Middle East hydrocarbons to East Asia are what really matter, whereas the sea’s own energy resources are relatively modest and unproven. That argument has become a bit less tenable.
Posted: 2019-08-25 05:26:00
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