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Detailed text transcripts for TV channel - FOXNEWS - 20120110:16:10:00

Seeing increased tensions in that south china sea area, and the reason the u.s. should care about that is that there are an estimated 213 billion barrels of untap ped oil reserves in those -- under those seas, so thats why this is a high stakes game and thats why the u.s. navy, as weve reported in recent days, is starting to project a stronger presence in the south china sea, because of these disputes and because of the importance in terms of oil reserves and china trying to sort of gobble up th...
Oil Reserves South China Sea Untap Ped 213 Billion Us Navy Jenna Lee

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