Monday, April 11, 2011

Communist Cuba To Expand Gulf Oil Drilling


Communist Cuba has announced plans to expand drilling in their own Gulf oil reserves, which are estimated to hold 20 billion barrels worth of sweet crude, within the next two years*. Over half of Cuba's annual oil consumption comes from oil imported by Venezuela.

My mouth nearly hit the floor.

Because this comes as the United States government continues to stonewall our oil companies via the permit process, and federal regulations, from drilling in American waters, even though we use more oil in just three days than Cuba uses in one entire year.

This is absolutely enraging.

I wonder if President Obama will promise to import Cuba's oil reserves as well.

* - America's Gulf oil production has actually declined since last year.

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