Cuba and its foreign partners will begin exploring for oil this year in the Gulf of Mexico. Drilling will take place as close as 50 miles from Florida and in sites deeper than BP’s Macondo well, the source of last year’s disaster. About 5 billion barrels of oil and 10 trillion cubic feet of natural gas lie beneath the gulf in land belonging to Cuba, according to the U.S. Geological Survey.
If Cuba finds oil in commercially viable amounts, this would be transformative. Revenue from natural resources has the potential to provide long-sought stability for its economy and is likely to significantly alter Cuba’s relations with Venezuela, Asia and other leading energy-producing and consuming nations.… Seguir leyendo »