The Philippines is rich with natural resources and the Underground River in Puerto Princesa, Palawan.
And the largest palladium deposits in the world are in the Philippine Sea. The country also has tons of gold, diamond, platinum and other minerals.
The Spratlys Islands in the West Philippine Sea has an estimated 8 billion barrels of oil reserves which has caused the dispute between China and the Philippines, plus other Asian countries in the region. The West Philippine Sea also contains large amounts of natural gas.
Besides the oil and natural gas, the country has the largest Deuterium deposits in the world.
Li-Hy Fuel (Hydrogen) is made from deuterium and is used in Canada , United States and Germany for jet planes.
Deuterium can replace gas for all kinds of combustion engines and contains no pollutants or carbon monoxide. Since deuterium is water based, emissions are water vapor or steam. Hydrogen Fuel can also be used for heating, electric and electric power plants can use it as water fuel to power the reactors.
Deuterium is hydrogen water with no oxygen and is found in the deep trenches around the world and The Philippines contains the most in the world with a deposit that's 868 miles long and 52 miles wide.
Hydrogen Fuel increases gas mileage economy for cars by 2 times the current amount and for the last ten years, new cars have been made to use LPG/LNG fuel.
The Philippines has enough deuterium to supply the whole world with Hydrogen Fuel. The country would make $84 million per day at 12 million barrels produced daily and could be used to pay off foreign debts and also provide jobs. This untapped energy source would be an economic boom and make the the Philippines one of the richest country in the world.
That's an interesting take. It also means at some point some country will try to take all of that away from them.
Of course, that's what usually happens.
Interesting information, I had no idea about this. I hope this wealth is going to serve the Philippines' people well.
Very interesting! No wonder China wants to own the Spratly's so much! I hope The Philippines does make the most of this opportunity. By the way if you've not been to the underground river I would highly recommend it.
Exactly!
the east vietnam sea.
Indeed, that's the reason Chinese and US govt. contested to win the heart of Filipino people. If you asked question where you prefer to go mine with, Chinese or Americans?
Yes thats the reason for whe Chinese making man made islands too.
The Philippines really needs this to turn their economy around and get people out of poverty.