Page added on January 3, 2007
During the enxt several years, a massive rush towards uunderocean reserves will take place. Japan, South Korea and China are already at odds over the underwater reserves. India is planning very rapid expansion of its Navy to tap deep water oil and gas reserves. China will compete with the Americans in deep water oil and gas resources.
The bottom line is whoever controls the oil and gas will control the world economies. The superpower blocks will face each other in grabbinng the deep underwater oil and gas reserves in deep oceanic crusts.
India Daily
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