Cuba Announces Massive New Oil Reserves Off Its Coast
How do you say “drill baby drill” in Spanish?
The state-owned Cuban oil company says the country may have more than 20bn barrels of oil in its offshore fields - more than double the previous estimate.
Cubapetroleo’s exploration manager said drilling in the offshore wells would begin as early as the middle of 2009.
Such reserves would place Cuba among the top 20 oil producing nations.
You can bet Cuba will be taking advantage of this.
When will America be able to exploit its own off-shore oil resources? The moratorium on off-shore drilling has expired for now, but long-term the answer to that question lays in the hands of the Democrats.
