December 26, 2011

Cuba's Oil Plans Raise Red Flags

Melissa Bert, Miami Herald

Scarabeo-9 is en route Cuban to waters, 70 miles from Florida. This mobile offshore drilling unit (MODU) is a Chinese-built, Spanish-owned oil rig set to drill for oil along Cuba’s northern coast. Cuba is counting on offshore drilling to wean itself from Venezuelan energy dependence. Experts estimate Cuba’s continental shelf contains 5 to 20 billion barrels of oil and more than 8 billion cubic feet of natural gas. . .

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TAGGED: Florida, oil, environmental regulations, energy security, Cuban energy policy, offshore oil drilling, offshore oil, Cuba, Miami Herald

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