very nice post........and good links..the last link like you said was very dated.dating all the way back to 1997 where it reflects the philipines having about almost nothing in reserves.
Malaysia looks like its got huge potential, didnt know they had 4 billion barrels of oil and 80 tcf in gas,,,,very impressive.
Ive been reading stories that the dollar may crash big time if they drop it as a reserve currency....therefore owning some of these oil companies in foreign lands is looking more and more attractive as both a shelter and commodity play.
the persian gulf dwarfs everyone in their massive reserves, and it might help explain whats really going on between these minority group led revolutions in that region.......Maybe the govt woke up after Bush and remembered that to divide and conquer is a centurys old proven formula..........way less expensive then just rolling into iraq. Funny thing is that if libya just rolled over and let the westerners take Libya and occupy them.......they would be far better off with more human rights, freedoms and a high percentage of their oil.<the average citizen there sees none of it as the dictators hord it all>.............can you imagine what cities they could build there with the cheap labor in Libya and all that cash?...while the liberators also get the spoils of war too.....stable oil prices and some profits to pay for the cost of the war.....As the liberals who read my post are cringing, I am sure that at least half would agree its a win win situation and most likely whats going on behind the scenes, or a plan of sorts.
we are left to speculate on sc72 and its future but I was happily suprised when the philipines on more than one account defended their position and assets by sending out planes against the chinese gunboats.....and later finishing the 3d imaging despite chinas warning.they have even sent navy boats on the reed bank and have o.k.ed the drilling before any talks with the chinese takes place..........Very Happily Suprised......if they were @ussies about it then this would be on very shaky ground right now. their actions kept the stock price from returning to under 2 pennies.
glta.
