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.
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It is irrelevant whether there is any oil or gas in the S. China Sea. China has demarcated its sea boundaries in this region for more than a thousand years and the current Chinese govern...
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It's not about oil. It's about territory. It's about power.
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