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04 June 2010
CUBA: Gulf Gusher May Benefit Island's Offshore Drilling.
GLOBALPOST/ Nick Miroff / "The worst oil spill in U.S. history may not be such a bad thing for Cuba — assuming that the crude now fouling up the Gulf never reaches the island's shores. It's an environmental threat that also comes with a potential economic opportunity. Cuba’s untapped offshore reserves are growing increasingly attractive to U.S. oil companies with every gushing barrel into the Gulf, some experts say." AND...“If the U.S. government places onerous restrictions — taxes, legal, bureaucratic red tape, etc. — on oil companies operating in the U.S. Gulf of Mexico, it will force them to explore and develop hydrocarbon resources on the Cuba side of the Gulf of Mexico,” said Pinon, who advocates U.S. involvement in Cuba’s oil industry."