Fight Is Over Oil & Gas and Who Controls It: Mays

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Nov. 29 (Bloomberg) –- Emerging Alpha Advisors Director Marshall Mays discusses the growing tensions between Japan and China over the disputed islands in the East China Sea and the real reasons for the dispute with John Dawson, Mia Saini, Angie Lau and Rishaad Salamat on Bloomberg Television’s “Asia Edge.” (Source: Bloomberg)

They could be.

Xi jinping coming up with the decision to put their defense in the zone and now everyone is flying planes back and forth.

You could argue he is trying to raise negotiation from nonexistent because the japanese had protection under the agreement and therefore have the rights of controlled their identification but never used it.

By exercising it, they are saying, oh, by the way, we had an agreement.

Is this a domestic push?

To get this when someone tries a diversionary tactic or something like that.

The millionaires have decided that china is not the place they want to live the rest of their lives and their moving more and more out.

The second factor is the new generation comes in and you have to assassinate your enemies and reward your friends.

The transition of power is going on.

What happens every few years, the pla gets bought off area we got distracted by sars but underneath that it was still the same game, more money, better rockets aimed at taiwan.

We got that a few months ago.

They said they would commit more dollars in the chinese budget to defense so why, all of a sudden, if they promise these dollars, while the sudden initiate this surprise to the world that this rocks the status quo?

There is a fight in the south and the philippine territory that vietnam claims are playing the same game.

These islands have long been in dispute, hundreds of years.

Everyone claims the ancestral rights.

There is an instinct by the local bureaucrats to throw their weight around and say, we are the big guys.

That's not a long-term game.

That's a short-term strategy to raise yourself in the pecking order.

We're seeing a lot of mid-level control freaks trying to show we're doing this for the people's party.

It is symbolic and there are archaeological studies that show that not only of a land not great for building or rich in oil but the fishing is not that great either.

It is largely that way.

China and india are building blue water navies.

Or because of each other than anyone else.

The technology the brazilians have brought out in deepwater drilling, 13,000 is within reach.

There is oil and gas beneath those shelves that we don't know about yet because it's contested.

The right to drill there and who has the concessions -- japan, taiwan, china -- who knows?

How will it play out?

There will be more buzz in the air.

Long-term, the negotiation may start.

China will negotiate under the laws of the convention with layout ready quickly -- which layout how you do this.

Then we have administrative rights over the island and it brings the, as you said, the negotiation points from zero to perhaps one.

The japanese played a game to buy the rights for individual which they protected.

There within their rights.

In the past decade there has been extraordinary growth for china.

Now we're are hearing from foreign-policy academics in china that intervention, nonintervention is no longer the game it wants to play when it comes to foreign-policy.

It wants to be the big kid on the block.

Perhaps so.

China has always had problem with neighbors.

There are other problems perceived.

I think the problem is that the growth has made china successful which kept the chinese party in control is now slowing.

Everyone in the past empire exported their misbehavior.

They sent the underclass to fight wars old swears so the externalities are where they are projecting the internal problems.

The rise of nationalism is over a decade old and it has been managed.

This is another game.

The problem is that this has aggressively developed and it's a dangerous game.

These economic buyouts -- for a week.

You don't want to own one.

This text has been automatically generated. It may not be 100% accurate.

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