Oil Conflict in The Orient: Japan’s Justification

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By Regina Oladipo

taken from: http://priceofoil.org/2012/09/19/japanese-china-conflict-all-about-oil/
taken from: http://priceofoil.org/2012/09/19/japanese-china-conflict-all-about-oil/

The tension between Japan and China has been increasing over the years, concerning island territory and the access that these islands have to oil and gas reserves. The Senkaku (Japan) and Diouyi (China) islands both have perimeters of 7 kilometers that overlap one another within the East and South China Sea. In the midst of this overlap, lies the approximate area of the Chunxiao gas field. The strength of historical disputes is so unfortunate in this case as Japan and China in negotiations is an economic and industrial force to be reckoned with. Journalists stress a need for “a bilateral trade between the two Asian powers estimated at some $300 billion”. This puts into perspective the worth of the natural resources in this particular area and equally magnifies the friction between China and Japan who both want to claim it themselves. Read the rest of this entry »