Since the information comes from the Cuban government, I’m taking this news with a large grain of salt, but here it is, via Maria,
Cuba claims massive oil reservesThe state-owned Cuban oil company says the country may have more than 20bn barrels of oil in its offshore fields – more than double the previous estimate.
And where would those offshore fields be, perchance?
In the Gulf, of course.
An area where Nancy’s congress prevents us from exploring or drilling.
That way Cuba can drink our milkshake freely.
Thanks, Nancy!
While on the subject of Cuba and the Democrats, Obama campaign PROUD of Fidel Castro’s endorsement!
Here’s the milkshake scene from There Will Be Blood,
One question that appears to have been missed in discussion of the potential US role in Cuba’s oil sector is whether Cuba either needs or wants US involvement in exploiting her oil (or any other) resources. Why would she if one takes into account the hypocrisy and lies which underpin US (and British) involvement in Iraq and her oil resources ? Why expose herself to attempts of economic dominance that successive US governments and its crony relationships with oil companies have employed elsewhere in the world ? Cuba has stood resolutely and maintained her sovereignty and dignity against incessant US aggression for decades. She has the absolute right to decide the manner in which her own resources are used for the benefit of her own people. The USA blew the opportunity nearly 50 years ago. Get with it, there’s a new order: China buys US government paper to fund more consumption by the USA of products made in China – where’s the dignity in that ? The leaders of US financial institutions have been shown to be self-serving and self-aggrandising without humility (how many have fallen on their own swords to acknowledge the hardship and burden they are responsible for loading onto the shoulders of US tax payers ?). The USA becomes increasingly dependent on foreign sources of investment to sustain (a deficit driven economy): where is the self-respect in that ? The USA now needs the rest of the world more than the rest of the world needs the USA. Whither the American Dream ?
except the whole issue might just be a modern version of a Potemkin village except the Cubans don’t even have enough money or expertise to erect even fake platforms. Plus it appears that the company contracted to develop these fields has determined that there might not be enough oil to recover to make such an enterprise profitable. Or considering the plunging cost of oil per barrel and the glut has made the idea of a cash poor nation creating such an industry overnight nonsense. Sherrit International Corporation of Canada announced yesterday that it was cancelling its contract with Cuba.
http://www.rigzone/com/news/aticle.asp?a_id=67992
It should be noted that the US and Cuba still have drilling agreements concerning the Gulf from the late 50’s which if abrogated by the US could seriously imperil Cuba’s decades long attempt to do the impossible. Meld the ideal of a worker’s paradise with being that worst example of South American economic practices of becoming a commodity nation. But maybe the Cubans have learned enough to not ruin a new source of wealth as they did to their refined sugar industry or creating segregated areas for tourists from Canada who are less than comfortable with faces darker than the average English Rose complexion.