Cuban Windfall: Billions of Barrels of Black Gold
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?
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?
Your support matters…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.
Independent journalism is under threat and overshadowed by heavily funded mainstream media.
You can help level the playing field. Become a member.
Your tax-deductible contribution keeps us digging beneath the headlines to give you thought-provoking, investigative reporting and analysis that unearths what's really happening- without compromise.
Give today to support our courageous, independent journalists.
Environment
A move towards a sustainable, less disposable economy that eschews luxury will address inequity and push us towards a more habitable future.
World
Speaking to the UN General Assembly, Miguel Díaz-Canel stressed the need for "changes that can no longer be postponed."
Corporate media seem unable to process the idea that a U.S. politician has something positive to say about Cuba and Nicaragua's governments.
In his relentless red-baiting of Bernie Sanders, Chris Matthews reveals just how divorced he and his ilk are from our political moment.
If Democrats have any hope of unseating Donald Trump in November, they must stop smearing their party’s frontrunner and his supporters.
Although the extent of our lawless detention program in Guantanamo Bay is something most of us know little about, it defines us all.
You need to be a supporter to comment.
There are currently no responses to this article.
Be the first to respond.