I think this conflict will be resolved peacefully because neither country benefits from open conflict. China doesn't really do war.
They are squatting, with the Chinese warships within Philippine territory without permission.
Besides, the US-caused energy crisis is going to do more to deprive Philippine fishermen of their livelihoods than China ever has.
Typical cope.
Sure, as if being water-hosed by Chinese navy to prevent you from fishing is caused by oil supply restrictions!