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Cuba Oil Reserves Jump up to those of the US

Discussion in 'World Politics' started by Stalin, Oct 21, 2008.

  1. Stalin

    Stalin Active Member

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    Looks like the first order of business for the PopStar is to erase the one serious blemish of JFK's short tenure and invade Cuba to grab the spoils.

    "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.

    "It would change their whole equation. The government would have more money and no longer be dependent on foreign oil," said Kirby Jones, founder of the Washington-based US-Cuba Trade Association. "It could join the club of oil exporting nations."

    "We have more data. I'm almost certain that if they ask for all the data we have, (their estimate) is going to grow considerably," said Cupet's exploration manager, Rafael Tenreyro Perez.

    Havana based its dramatically higher estimate mainly on comparisons with oil output from similar geological structures off the coasts of Mexico and the US. Cuba's undersea geology was "very similar" to Mexico's giant Cantarell oil field in the Bay of Campeche, said Tenreyro.

    A consortium of companies led by Spain's Repsol had tested wells and were expected to begin drilling the first production well in mid-2009, and possibly several more later in the year, he said...."

    http://www.guardian.co.uk/world/2008/oct/18/cuban-oil

    Hmmmm.. Cuba exporting Oil to Babylon... Change indeed...

    Comrade Stalin of Gori - Friend of Fidel and Raul
     
  2. Libsmasher

    Libsmasher New Member

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    Great! Next maybe they can put food on the grocery store shelves, buy medicine for the people, and get some cars less than fifty years old. :D
     
  3. BigRob

    BigRob Well-Known Member

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    Maybe now we can drill offshore?
     
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