Castro's revenge: The Cuban oil rush

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ianryder
Posts: 466
Joined: 28 Mar 2006, 23:31
Location: Devon

Castro's revenge: The Cuban oil rush

Post 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
simonrichards912
Posts: 76
Joined: 24 Nov 2005, 11:09
Location: Aberdeen, Scotland

Post by simonrichards912 »

So the US will add Cuba to the list of countries it wants to invade....
Money is the root of all evil
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Erik
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Joined: 21 Sep 2006, 17:17
Location: Spain

Post 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:
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