The South China Sea Crisis and the “Battle for Oil”

A long brewing crisis of both regional and global proportions has been festering in the South China Sea in recent years between claimants to a variety of islands, reefs and shoals and more importantly access to oil and natural gas resources that are worth trillions of dollars.

Although this dispute, or more accurately put, many individual and interlocking disputes, have gained in importance in recent years, they have been a bone of contention for centuries. [READ MORE]