Oil Exploration Update: U. S. To Play Catch-Up With Cuba
Startlingly enough, it looks as if the time will soon arrive when the USA will have to play catch-up with Cuba in oil exploration. The diminutive and destitute communist enclave that serves as Fidel Castros personal cigar plantation now realizes that it has enough oil reserves under its coastal waters to prop up its no-go economy for decades and, incapable of assembling the capacity to out the oil itself, the island nation has begun to license drilling rights to other countries, including China, the prospect of which alarms us, and Spain, the idea of which invites us to think of tapas.
In wisdom wrought from its neediness, the resourceful islet has also offered to license American oil companies.
Expectedly enough, the very prospect of Cuba scooping oil out of the ocean floor while America has outlawed it for decades has enkindled hot debate in Congress about the present wisdom of our self-imposed interdiction. The debate has rapidly blossomed into a gusher partly because America has even more proven oil reserves in its coastal waters, no doubt principally because it has even more coastal...
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