30 September 2010

CUBA: Fears Over Unrestricted Oil Exploration There Grow In U.S.

NYT Link/
       Today's NYTimes and the Miami Herald both feature stories about future oil exploration in Cuban waters...and the environmental damage a BP-like would have on Florida's Keys and economy.
         NYT's CLIFFORD KRAUSE : "Cuba currently produces little oil. But oil experts say the country might have reserves along its north coast as plentiful as that of the international oil middleweights, Ecuador and Colombia — enough to bolster its faltering economy and cut its dependence on Venezuela for its energy needs.
The advent of drilling in Cuban waters poses risks both to the island nation and the United States.
The nascent oil industry in Cuba is far less prepared to handle a major spill than even the American industry was at the time of the BP spill. Cuba has neither the submarine robots needed to fix deepwater rig equipment nor the platforms available to begin drilling relief wells on short notice."

MIAMI HERALD link:  Cuba may begin drilling offshore for oil and gas as soon as next year with equipment that will go deeper than BP's Deepwater Horizon and the politics involved in preparing for spills.

http://www.miamiherald.com/2010/09/29/v-fullstory/1849526/cuba-ready-to-drill-deeper-than.html