Foreign investors, specifically Americans, have been eyeing offshore oil in international waters between Cuba and the United States, for quite awhile now. A problem arises, however, from the trade embargo still being imposed on Cuba. Now petroleum seeking Americans have even more of a reason to covet Cuba’s black gold laden waters. Cuban oil reserves, based on new data, are double what they were originally thought to be, now estimated at twenty billion barrels (comparable to the oil reserves of the United States). Presidential candidate Barack Obama has intimated at less restricted relations with Cuba. Will the United States finally abandon its quasi containment policy in order to exploit Cuba’s oil reserves?
View the article "Cuba claims massive oil reserves" here: http://news.bbc.co.uk/2/hi/americas/7675234.stm
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