US frets at Cuba oil exploration
Marc Frank, Financial Times
A huge oil drilling platform will sink deepwater wells off Cuba next week in a move that has caused angst in the US at the prospect of significant oil discoveries that could alter Cubas economic future and Havanas relations with Washington.
Cubas largely unexplored share of the Gulf of Mexico is thought to contain billions of barrels of oil and gas equivalent and has already drawn more foreign investment than any other sector of the economy.
The discovery of even modest amounts of oil would be significant for Cuba, said Ricardo Torres Perez, deputy director of Havana Universitys Center for the Study of the Cuban Economy.
Cuba would become less energy dependent and might eventually become an energy exporter; new credit and foreign investment would materialise, along with refining and service jobs.
full: http://liveweb.archive.org/http://www.ft.com/cms/s/0/ed255d6a-4129-11e1-8c33-00144feab49a.html
Blue_Tires
(55,445 posts)Hugabear
(10,340 posts)The more oil that Cuba produces, the more you'll see rethugs relaxing their anti-Cuba policies. All in the name of "fostering democracy" of course.
Lint Head
(15,064 posts)horse and carriage.
no_hypocrisy
(46,234 posts)Mnemosyne
(21,363 posts)dipsydoodle
(42,239 posts).
bahrbearian
(13,466 posts)Bacchus4.0
(6,837 posts)s
Octafish
(55,745 posts)ThoughtCriminal
(14,050 posts)Because. By Gawd, we should be able to suck up that oil with a bigger straw then those dag-burn commies! You can bet your sweet BP on that!
hughee99
(16,113 posts)about environmental damage since deep water offshore drilling is only unsafe when the US or European companies do it.
flamingdem
(39,332 posts)spill almost destroyed the Caribbean
Bacchus4.0
(6,837 posts)s
flamingdem
(39,332 posts)when it looked like Key West could be impacted etc.
They didn't take responsibility, but now there's an implication that
Cuba could ruin US territory without discussion of how the US almost
ruined Cuba.
Bacchus4.0
(6,837 posts)s
flamingdem
(39,332 posts)and that would have contaminated the region.
cstanleytech
(26,334 posts)doing it in the gulf.
unkachuck
(6,295 posts)....than a fretting United States....tough shit,
"...using less than 10 per cent of US technology..."
....this is what our corporate fascists really don't like....and a new breath of fresh economic air being brought by Italy, China and oil to the islands' Communist economy....parish the thought....
"Ileana Ros-Lehtinen, who chairs the House foreign relations committee, has sought to introduce legislation that would place sanctions on participating foreign companies."
....the 'if we can't have the oil, nobody can' attitude of Republicans amazes me....and where is it written, that anything, anywhere on the planet, belongs to us?
flamingdem
(39,332 posts)we don't have relationships with a country with a highly intelligent populace that loves the USA for the most part and instead the US policy hands Cuba to the Chinese, thanks right wing Miami idiots.