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China Open to Joint Oil Development
Topic Started: Jan 8 2013, 02:13 AM (3,824 Views)
Santi Kampilan
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It looks like this new administration has a friendlier tack. Now they are willing to strike a deal. My hunch is they are living on a time frame and could not afford a protracted stiff with us and need all available energy sources to be developed. Their oil is to run out in a decade and would need lots of energy to sustain its growth.

China open to joint oil dev’t in Recto Bank
http://globalnation.inquirer.net/61007/china-open-to-joint-oil-devt-in-recto-bank

Hinayhinay lang....we are taking it with a grain of salt!

PH cautious on China oil offer
http://globalnation.inquirer.net/61075/ph-cautious-on-china-oil-offer
Edited by Santi Kampilan, Jan 8 2013, 02:21 AM.
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AVBsupersonic
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This is just aPLOY! There are other Respectful Countries out there who can play a fair game, abides by the rules.

Spratlys KIG area maybe YES, but Reed Bank and Panatag Areas NO!
"Some are just lucky that they're not under oath and are not classified!"- Blue badge
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icefrog
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I think this needs to be studied very well. I understand any apprehensions but if their could be a win-win situation instead of a loose-loose situation then why not. We can't just do an outright reject w/o weighing the pros and cons first.
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fernandez705
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icefrog
Jan 8 2013, 03:39 AM
I think this needs to be studied very well. I understand any apprehensions but if their could be a win-win situation instead of a loose-loose situation then why not. We can't just do an outright reject w/o weighing the pros and cons first.
to prevent escalation into maybe a conflict then maybe i would agree. but in my opinion i would rather use those oils to do what the Algerians did in their modernization and that is to allow the country were they buying their weapons to drill and each parties get 50-50 on profit. in conclusion Algerians gets assets while making a 50% profit from the oil and the other 50%is used as payment so no budget problems everybody a winner.
i suggest doing a similar one to russia and US.
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AVBsupersonic
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I agree with the idea, 50/50 either with Russia or US and then on our part 25% goes to saving funds and 25% to buy arms and weapons until we get our desired fully modernized AFP.

There's no win win situation against a selfish China, the same like our situation right now were we can't even kick them out of Scarborough Shoal, same thing will happen if we try to give them the chance to deceive us...

REED "RECTO" BANK is what they really want, their main target, this is what they are after all along!



Edited by AVBsupersonic, Jan 8 2013, 06:42 AM.
"Some are just lucky that they're not under oath and are not classified!"- Blue badge
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Santi Kampilan
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AVBsupersonic
Jan 8 2013, 06:34 AM
I agree with the idea, 50/50 either with Russia or US and then on our part 25% goes to saving funds and 25% to buy arms and weapons until we get our desired fully modernized AFP.

There's no win win situation against a selfish China, the same like our situation right now were we can't even kick them out of Scarborough Shoal, same thing will happen if we try to give them the chance to deceive us...

REED "RECTO" BANK is what they really want, their main target, this is what they are after all along!



But now they have revealed their cards. 1) they are not going to take Spratlys by force. 2) they admit that a drawn out stalemate is not good for them. They can be patient with the invasion of Taiwan but it's energy needs I think is paramount to keep that industrial engine running. That's why as they Ma King says, joint explo is a valid plan.

I was just thinking we should maybe do a more comprehensive proposal involving a couple of other tracts that they are making a big fuzz like the Tract 34 and 35 next to the Malampaya that straddles their 9 dash line and another one near Palawan close to the Reed Bank but more to the south near Half Moon Shoal.

We'll say
1) Reed Bank - should not be part of Spratly's but we can go 50/50 with them.
2) Near Malampaya - Track 34 and 35 ours only and tell China don't make a big fuzz.
3) Near Half Moon - ours only and not part of Spratly's(It needs to be explored still. I'll get more specifics).

Fernandez- Algeria has a lot of money (200+B) and yet they had those arms financed. Maybe we can start with a land based missile system(That puts a quandry in the radar system we are buying). If we partner with them they may open up their credit line. But then again there are other things we have to be mindful of and that is the US and its plans.
Edited by Santi Kampilan, Jan 8 2013, 08:05 AM.
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PinoyAko
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HuH! We better examine every angle of this, I absolutely say "NO" within 200 EEZ, it is ours, :nono: :patrioticpinoy: KIG or outside this a win-win agreement let's consider, but we look for other countries can offer. :armyroleyes: :thumbsup:
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PinoyAko
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HuH! We better examine every angle of this, I absolutely say "NO" within 200 EEZ, it is ours, :nono: :patrioticpinoy: KIG or outside this a win-win agreement let's consider, but we look for other countries can offer. :armyroleyes: :thumbsup:
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Santi Kampilan
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Pinoy, as far as sovereinty, no question about it. It has to be part of us. Even PH have given MVP/Forum energy who owns 70% of the Reed Bank track, a go signal to get feelers from CNOOC of China if they are willing to JV with us.

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Recto Bank/Reed Bank (farthest left)

What I would suggest is to include other areas such as the track 3 and 4, although it is no longer part of Spratly's, China still made a fuzz because it straddles the 9-line. But so is Sampaguita which is right next to it. How come they never said anything before? Like I said this should be solely Philippines and should not be shared with China. The bidders on these tract are apprehensive because of China's protest.

If they say no, then we play the waiting game which they cannot afford to do.
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Edited by Santi Kampilan, Jan 8 2013, 10:14 AM.
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bulastika
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Don't trust a dragon! Its a Snake with legs! If they want Join venture. Its okay with but first thing first. They need to recognize our sovereignty rights to the 200 miles EEZ. If they don't then no to joint venture.
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