Tuesday, June 05, 2018 11:13:18 PM
In other words the investment community doesn't think pxp is dead and therefore sc72 is also alive and well.
Side note is. Now that Trump and the us navy along with England and France are going to step up the pushback to china, it's not out of the question that Duterte. The infamous flip flopped, who once questioned if the us would protect him in a war with China, may e realizing that he could ask the us navy to protect his economic zone so he can drill sc72 with Shell or chevron. Same guys in Malampaya. The Chinese will realize this and now know that the tide is turning in THAT aspect and will be on the lower hand of demands.
I'm not saying that ph will walk away from a China deal now. But it gives them much better leverage and the upper hand in a game of chess where the advantage keeps changing.
I do believe china is more interested in the strategic points of its islands moreso than the energy resources that come a close second in importance.
Also an interesting statement from Marco Rubio about us potential strategy if you have time to read it. My apology if we or I get way too of topic about specifically sc72 but I do think it's all tied in and affected at some level.
https://www.washingtonexaminer.com/policy/defense-national-security/marco-rubio-us-must-develop-plan-to-destroy-chinese-assets-in-south-china-sea
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