what's the likelihood of one of the large cap internationals taking a stake
as part of the de facto foreign policy of the ''eu/usa/japan inc" attempt at reining some of the
jingoistic, sabre rattling of China.
a stake in the Pines would send an unequivocal message of ignoring 9 dash lines in the south china sea,
and the right to protect trade assets should they be threatened.
a rig is cheaper than an aircraft carrier, and sends the same message which
would not be lost on the other asian nations in dispute with China.
considering the projected figures being bandied about on SC55 a successful outcome would generate a lot of interest
in the oil fairway,with further exploration in the region following on.
China's on going almost daily air incursions over mainland Japan, and their claims on Arunachal Pradesh
are causing unease in the region, and i would expect it will come up in the current trade talks between
Japan and Aust. on the future of ASEAN.
then again
maybe im dreaming!
any thoughts?
macgee
dyor
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