Cuban Windfall: Billions of Barrels of Black Gold

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Cuban Windfall: Billions of Barrels of Black Gold

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Cuba may have just hit the oil jackpot, with a revised estimate of its reserves doubling. That means the small island nation has about as much oil as the United States. American conservatives may soon have to choose between their love of oil and the half-century-old embargo that would keep Cuba’s petroleum away. How do you say “drill, baby, drill” en Español?

The Guardian:

Friends and foes have called Cuba many things - a progressive beacon, a quixotic underdog, an oppressive tyranny - but no one has called it lucky, until now .

Mother nature, it emerged this week, appears to have blessed the island with enough oil reserves to vault it into the ranks of energy powers. The government announced there may be more than 20bn barrels of recoverable oil in offshore fields in Cuba’s share of the Gulf of Mexico, more than twice the previous estimate.

If confirmed, it puts Cuba’s reserves on par with those of the US and into the world’s top 20. Drilling is expected to start next year by Cuba’s state oil company Cubapetroleo, or Cupet.

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TAGS: cuba drilling embargo energy mexico oil

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By optipessi mist, October 20, 2008 at 2:59 pm #

It is the Chinese at the behest of the Cubans that have been doing the exploratory offshore drilling 50 miles off of the Florida Coast. At a slant I might add.

Of course obtaining confirmable and documentable details is a matter of National Security. I am certain that US Military Satellite Intelligence could give us exhaustive detail. Complementing that classified information would be all private enterprise satellite info of the subject areas in the Caribbean.

It’s not news. The Chinese have been doing exploratory drilling for several years.

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By Allan Krueger, October 20, 2008 at 9:40 am #

Uh Oh, the Cubans had better watch out - we are coming for the oil! We all know they have Weapons of Mass Distraction - the most beautiful girls in the world! And it would be cheap to invade Cuba… And while we’re at it, we can repo’ all of the 1950’s American cars that they are driving!

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By jackpine savage, October 20, 2008 at 8:01 am #

Will we be able to put Cuban oil into our vehicles or is that communist oil and not good enough for rugged, individual American capitalists? Oh wait, we happily buy oil from Venezuela.

Maybe now we have a good enough reason to invade and teach the Cubans about “democracy”.

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By nino, October 20, 2008 at 7:05 am #

Soon, the US will either have to beg countries that we once shook our finger at or make up some WMD/Democracy related talking points and invade.

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