Next week the Philippines to give up Scarborough Shoal in South China Sea and develop oil and gas Jointly with China

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The South China Sea isn't what it used to be...
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Proving once again that the Chinese model of cooperation works better than the American model of confrontation, China and the Philippines look set to agree on joint development of oil & gas riches around Scarborough Shoal (the issue of throwing yet more fossil fuels in a global warming world will have to wait for another day, perhaps when Scarborough Shoal and the Spratley Islands are hopelessly under a rising sea).

Remember when a war in the South China Sea seemed almost inevitable? Now, maybe not, but it looks like the American-Philippine alliance is a casualty, with a new Philippine president, Rodrigo Duterte, who has said "Obama can go to Hell."

Who's pivoting to Asia now?

Read the rest of the story HERE:

At www.nextbigfuture.com

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Scott Baker is a Managing Editor & The Economics Editor at Opednews, and a former blogger for Huffington Post, Daily Kos, and Global Economic Intersection.

His anthology of updated Opednews articles "America is Not Broke" was published by Tayen Lane Publishing (March, 2015) and may be found here:
http://www.americaisnotbroke.net/

Scott is a former and current President of Common Ground-NY (http://commongroundnyc.org/), a Geoist/Georgist activist group. He has written dozens of (more...)