Page 1 of 1

Castro's revenge: The Cuban oil rush

Posted: 07 Mar 2007, 15:40
by ianryder
http://money.cnn.com/magazines/fortune/ ... 2007030709

Ah, I think Alanis Morrissette wrote a song about this :-)
Sometime later this year, less than 70 miles from Florida, a consortium of Spanish, Indian and Norwegian companies will likely start drilling for oil. It could mark the beginning of a Cuban oil rush - one that American oil companies won't be able to join, despite their proximity to the action.
...
Call it Castro's revenge. With Cuba's leader sidelined by illness and its economy in shambles, a major oil find - estimated by the U.S. Geological Survey at 4.6 billion barrels, nearly two-thirds the amount in the Arctic National Wildlife Refuge - could give Havana a new lease on life.
Just as the US does an impression of Cuba maybe?! Sometimes you just have to laugh at what life throws up... :P

Posted: 08 Mar 2007, 13:53
by simonrichards912
So the US will add Cuba to the list of countries it wants to invade....

Posted: 08 Mar 2007, 14:28
by Erik
The other irony is that many have argued that Cuba's post oil energy transition might serve as an example to us all. So in some ways it would be a great shame if Cuba found enough oil to become dependent on it again :roll: