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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