July 9, 2013

Oil War: China vs. Japan

This video is about the potential oil wars in the East and South China seas.

Basically, China and Japan are squabbling over islands that are out in the borderline areas out in the oil rich East China sea. China is also claiming a huge area of the South China sea which goes against other countries claims as well. This is all about the offshore oil and gas deposits. China has a huge growing oil addiction and they need all that oil to themselves if they want to keep growing. It will be interesting to see if and how the U.S. intervenes militarily. If we do intervene China will just sell our treasuries to severely weaken the U.S. currency. American people will quickly demand to let China claim all the oil to themselves. Let's see what other's are saying.