Submerged optimism in the South China Sea: Inquirer columnist

The writer says that the maritime dispute is the most immediate and impactful of the disputes, because territorial disputes are going to be rendered obsolete by global warming. - Reuters

MANILA (Philippine Daily Inquirer/ANN): On the morning it was announced that the President had lifted the moratorium on oil exploration in the West Philippine Sea, the shares of PXP Energy went up nearly 50 per cent.

Forum Energy, a PXP subsidiary, has a pending project in Recto Bank.