No useable oil in disputed areas: US | Bangkok Post: business

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No useable oil in disputed areas: US

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An authoritative new report on likely oil and gas reserves in the heavily disputed regions of the South China has concluded that there probably aren't any. 

A map and report by the US Energy Information Administration says there is virtually no chance of finding useful gas or oil deposits under the Spratly or Paracel Island groups.

The study, certain to shock political circles in China and the Asean region, concludes for the first time that the bickering and sometimes fighting countries expecting riches under the Spratly and Paracel Islands are going to be extremely disappointed.

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