Good News: Oil Drilling Off Florida Begins Nov. 1. Bad News: It’s in Cuba.
While it’s been the subject of rumor, gossip and misinformation for the last several years, this time it’s real: drilling off the north shore of Cuba is scheduled to begin November 1. Six wells are planned to be drilled with this rig by the various international companies who own exploration rights off the north shore of the island. …Spanish energy company Repsol and its partners | Read More »
To Mayor Ray Nagin, Police States Have Their Advantages
New Orleans’ Democrat Mayor Ray Nagin can see the advantages of a country like Cuba, when it comes to hurricane preparedness and evacuation. Cuba, you see, was hit by Hurricanes Gustav, Ike and Paloma last year and suffered only seven fatalities. Nagin is in Cuba with a trade delegation from the Crescent City for a five-day visit. Ray Nagin: Cuba’s government is ideal for storm | Read More »
Small Oil Producer in Need of Bailout
Never fear, Raul my friend, you have a friend in Washington. HAVANA — Cuba is still waiting for its offshore oil rush. It has been four years since U.S. experts said the island may sit atop nearly 10 billion barrels of deep-sea oil, revealing for Cuba an enormous economic Catch-22. Cuba needs the technical expertise of major Western oil companies to get to any of | Read More »