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Old 10-19-2011, 09:23 AM
 
Location: Maryland
18,630 posts, read 19,409,587 times
Reputation: 6462

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Some of that oil should be ours but alas Obama and his loony leftist allies want to inspect some rigs and basically just not allow us to drill there. Meanwhile Communist and Socialist countries have beaten us to the punch.

Where are the jobs you ask? Well there they go.
US-Cuba policy, and the race for oil drilling - The Hill's Congress Blog
Quote:
To protect the national interest — and for the sake of Florida's beaches and the Gulf of Mexico's ecosystem — it is time to stop sticking our heels in the sand when it comes to U.S.-Cuba policy.

Before the end of the year, a Chinese-made drilling platform known as Scarabeo 9 is expected to arrive in the Gulf. Once it is there, Cuba and its foreign partners, including Spain’s Repsol, will begin using it to drill for oil in waters deeper than Deepwater Horizon’s infamous Macondo well. The massive rig, manufactured to comply with U.S.-content restrictions at a cost of $750 million, will cost Repsol and other companies $407,000 per day to lease for exploration.

They are taking this financial risk because Cuba needs the oil and its partners — Spain, Norway, Russia, India, Vietnam, Malaysia, Canada, Angola, Venezuela, and possibly China — believe that drilling in waters said to contain undiscovered reserves of approximately 5 billion barrels of oil is good business.
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Old 10-19-2011, 09:28 AM
 
Location: Londonderry, NH
41,479 posts, read 59,756,720 times
Reputation: 24863
This should help Cuba's economy recover from decades of US embargo. About time they got a break.

BTW - We, the Monroe Doctrine notwithstanding, do not own the Gulf of Mexico and never did.
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Old 10-20-2011, 09:57 PM
 
Location: missouri
1,179 posts, read 1,404,966 times
Reputation: 154
somebody should get it, and even as Saddam did to Kuwait-angle drill
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