To: Haim R. Branisteanu who wrote (75937 ) 7/3/2011 3:12:11 PM From: 2MAR$ Read Replies (1) | Respond to of 220179 Funny , was just looking up "South China Sea as flashpoint" ( am past DSK now, looking also past the ME to Asia for a "change")koreatimes.co.kr KAOHSIUNG, Taiwan ? A rhetorical conflict has roiled the waves of the South China Sea, the strategic resource-rich region bordered, and in part claimed in various parts, by six South East Asian states. But while Beijing is shoving its political agenda into the disputed waters, the United States correctly fears being caught in the diplomatic crossfire as claims and counterclaims by regional states particularly Vietnam and the Philippines threaten to spill over into scattered maritime incidents. Seen from a front row seat in Kaohsiung, Taiwan’s great commercial port city on the northern edge of the South China Sea, the region resembles a great maritime basin through which thread the major sea lanes of communication to Taiwan, Korea, Japan and Russia. Yet the sea equally boasts mineral and possibly petroleum resources. The widely scattered Spratly and Paracel Islands moreover, some of which are garrisoned, are variously claimed by Mainland China, Vietnam, the Philippines, Brunei, Malaysia, as well as the Republic of China on Taiwan. Sovereignty claims by an assertive People’s Republic of China have rattled nerves and have caused Vietnam to stage live fire naval drills to ward off the Chinese encroachments. The South China Sea poses the risk and potential for a serious maritime incident waiting to happen. Vietnam has played an obvious game of saber rattling toward China; much of this has to do with the Indochinese nation’s historic rifts with Beijing as much as with Hanoi’s own domestic political scene. Vietnam has been prospecting for petroleum in the offshore waters. As Taipei’s authoritative China Post editorialized, “The Vietnamese wish to draw the United States into any possible fray with Beijing.” contd , more google searchgoogle.com ; MCP...One of the terrific momo's in the rare earth space is this richly valued RE play MolyCorp MCP which has enormous potential but trading at very high valuation which made for a great short before ....trading right in the middle of the momo here. Good one to own maybe , but at the right price ...