Petrobras studying block in deep Cuban waters
Brazilian state oil company Petrobras is studying a block in deep Cuban waters for possible exploration as part of broader cooperation with the Caribbean island, a top advisor to the company said on Friday.
“We are planning to cooperate not only in exploration and production, but lubricants, refining and training,” Andre Ghirardi told Reuters in Havana at a one-day meeting of Brazilian and Cuban businessmen.
That way they can all drink our milkshake:
The US Geological Survey estimated the North Cuba basin could contain 4.6 billion barrels of oil, with a high-end potential of 9.3 billion barrels, and close to 1 trillion cubic feet of natural gas.
Let’s take a look at the NO Zone:
What are the US politicians doing?
The Senate will vote this week on a bill that will raise energy prices, create a huge federal bureaucracy when we have too many as it is, and will lower carbon emissions over the next 25 years by half of what we’ve accomplished over the last six through free-market initiatives
The House & the Senate can bring down the price of oil and raise the value of the dollar if they dared to approve drilling of ANWR and offshore drilling, increasing the coal industry, and approving nuclear power plants and new refineries.
Instead, they are looking for ways to further sink the economy with bills like Lieberman-Warner Climate Security Act of 2008.
Shame on them.
UPDATE, Wednesday 4 June
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Oh my god Lieberman makes me want to puke. While I agree that the domestic extraction of resources should be something that we work toward sanely, the fact is that at this point no oil from the ANWAR will reach gas pumps in Tenessee or anywhere else for that matter any time soon, if indeed at all. The crude in the gulf is probably a more reasonable source due to its proximity to the refineries. I think that we are missing the boat on changing consumption and only addressing the supply side. Call me a crazy delluded liberal but that is what they said when I said Bush would creat a massive federal beuracracy and drive this country to a pointless war for profit. How much has gas gone up since W took over? 300% or so? Anyway, Liberman sucks.
With logic like that about ANWR treehugger, all those bills that are going to stop global warming by 2050 should definitely not be acted upon cuz ANWR projections are 8-10 years, and those bills are 40. No point doing ganything with that time frame, is there?
But for all those of us who live down here on Earth, we know that the outrageous run up of oil prices was on the Dems watch in Congress. Nancy and her cohorts had their secret plans to lower prices in 2006 and it was just another Dem LIE.
War for profit, give it a rest, that pathetic talking point was tosssed out a few years ago. Get with the times, the new one is, “it wasn’t worth it”. Unless you are one of the 30 million Iraqis who are free now and an American who is now alive because of an Al-Qaida attack that never took place.
Maybe that person alive is even you treehugger, we’ll never know.