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 that's why this is a high stakes game and that's why the u.s. navy, as we've 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 these areas, jenna. jenna: interesting to note that. you walk through the halls of the pentagon eve...
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