Small Oil Producer in Need of Bailout

By: Steve Maley (Diary)  |  February 26th at 01:24 PM  | 

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 »