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Author Topic: Will Cuba Join OPEC
Nanuq
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Babbler # 8229

posted 19 October 2008 05:10 AM      Profile for Nanuq   Author's Homepage     Send New Private Message      Edit/Delete Post  Reply With Quote 
Oil discovery could put Cuba in big league
By Kim Hjelmgaard
Last update: 1:14 p.m. EDT Oct. 18, 2008
Comments: 95
LONDON (MarketWatch) -- (Corrects to fix reported oil reserves.) Cuba's oil reserves may be substantially larger than originally estimated, according to reports. Cuban energy officials have said that the country may have over 20 billion barrels of recoverable oil in its offshore fields in the Gulf of Mexico. If confirmed, such reserves would put Cuba among the world's top 20 oil-producing nations.


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From: Toronto | Registered: Feb 2005  |  IP: Logged
Boom Boom
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posted 19 October 2008 05:48 AM      Profile for Boom Boom     Send New Private Message      Edit/Delete Post  Reply With Quote 
I wonder what the US response will be to this story.
From: Make the rich pay! | Registered: Dec 2004  |  IP: Logged
Pride for Red Dolores
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Babbler # 12072

posted 19 October 2008 07:16 AM      Profile for Pride for Red Dolores     Send New Private Message      Edit/Delete Post  Reply With Quote 
They'd have to stop the blockade, knowing them.
From: Montreal | Registered: Feb 2006  |  IP: Logged
M. Spector
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posted 19 October 2008 07:55 AM      Profile for M. Spector   Author's Homepage     Send New Private Message      Edit/Delete Post  Reply With Quote 
Continued from this thread.
From: One millihelen: The amount of beauty required to launch one ship. | Registered: Feb 2005  |  IP: Logged
M. Spector
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Babbler # 8273

posted 22 October 2008 04:45 PM      Profile for M. Spector   Author's Homepage     Send New Private Message      Edit/Delete Post  Reply With Quote 
quote:
For the long-suffering Cuban people, who have been forced to eke out a national economy virtually barred from the global marketplace, this oil find is an astonishingly lucky break, particularly coming at a time that existing oil reserves are beginning to run out, and that prices for crude are soaring.

It’s going to be fun to watch the rationalizations coming out of Washington, particularly from the hard Right, for whom Fidel Castro’s Cuba has for several generations served as a prime bogeyman in the Cold War pantheon of villains. Just as Corporate America has since the 1970s been hypocritically singing the praises of Communist China, and has been justifying economic trade and investment with that nation on the grounds that “economic engagement” will bring democracy (all the while calling for a boycott of all things Cuban), we will soon be hearing such songs about virtues of economic engagement with Cuba. - Dave Lindorff



From: One millihelen: The amount of beauty required to launch one ship. | Registered: Feb 2005  |  IP: Logged

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