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realclearworld

How dry is Cuba? Even the Russians have given up trying to find oil.

http://1.bp.blogspot.com/-NmTyY1mr9VM/T-8Mvb0zOjI/AAAAAAAAAsY/wfauGft6OKw/s1600/russian-rig.jpg

Remember not that long ago when the "Cuba Experts" and Castro regime pundits here in the U.S. were squealing about the U.S. missing out on an opportunity to exploit Cuban oil reserves because of the embargo? It seems like just the other day when these same "experts" and lobbyists for the Cuban dictatorship were predicting an environmental disaster in the U.S. of apocalyptic proportions because the embargo would hamper our response if the gazillion barrels of untapped Cuban oil were to accidentally start gushing out into the Gulf of Mexico, turning Florida into one giant tar pit.

Of course, this was yet another ruse originated in Havana and faithfully disseminated by the Cuban government's operatives here in the U.S. with the goal of trying to convince the American government to relax or eliminate sanctions against by far the most repressive and murderous regime in our hemisphere. It turns out, as we predicted, that Cuba is dry as a bone, and not even the Russians are willing to spend another ruble this year trying to find oil where there isn't any.

Via Reuters:

Cuban oil hopes sputter as Russians give up for now on well

HAVANA, May 29 (Reuters) - Russian state-owned oil company Zarubezhneft said this week it was giving up for now on a problem-plagued exploration well off Cuba's north-central coast, which brings to an end the communist-led island's only active project in its search for offshore oil fields.

The news was not all bad because the company said it would return to the same spot next year. But it was another blow to Cuba's hopes for energy independence, which have acquired new urgency with the March death of Venezuelan President Hugo Chavez, the communist-led island's top ally and benefactor.

The Russians' plan to drill 6,500 meters (21,325 feet) below the sea floor and hopefully find oil appears to have been derailed by the same issue that others have encountered in Cuban waters - difficult geology - as well as problems with its rig, the Songa Mercur, which at one point lost its blowout preventer.

Continue reading HERE.

1 comment to How dry is Cuba? Even the Russians have given up trying to find oil.