Friday August 1st, 2014, 1:49 am (EDT)

Robert Sandels

An Oil-Rich Cuba?

Cuba has found oil in its part of the Gulf of Mexico and is about to start drilling. Even if the results are moderate, Cuba will become energy independent and eventually a net exporter. This will have an incalculable impact on its economy, and will send the U.S. sanctions policy into the dustbin of imperial miscalculations. This has brought out Miami’s congressional assault team led by the fanatical Representative Ileana Ros-Lehtinen, who essentially wants to criminalize drilling in Cuba’s section of the Gulf. But caught between a commitment to maintaining the embargo and an understanding of the necessity of Cuba cooperation lest there be another BP-style disaster, the Obama administration has remained largely passive. Will Cuban oil help change the balance of power in the Americas in the near future?… | more |