Beijing’s South China Sea Gamble -- Will Rogers, The Diplomat
If China is right, then there is enough oil under the South China Sea to feed global consumption for several years. But Beijing may be making an aggressive bet on the wrong horse.
Beijing seems to be doubling down in the South China Sea. Why? In large part it’s to secure access to potential deep sea hydrocarbons like oil and natural gas – many describe the South China Sea as the next Persian Gulf, given the possible richness of resources that supposedly lay beneath the seabed. And while there are significant differences between the two regions that complicate such a comparison – including the ease of access to fossil fuel resources and the cost of developing them – it’s a useful analogue for understanding why China views the region as critical to its core interests.
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