Just came across this story and while it could go just about anywhere, parts seemed to place it here:
Cuba oil plans could put hole in U.S. embargo
"HAVANA (Reuters) - Sometime next year, Cuba plans to begin drilling a major oil field off its northern coast that might do what little else has done -- bring change to U.S-Cuba relations.
In a rare confluence of circumstances, oil could grease the wheels for the two bitter enemies to come together in the middle of the Florida Straits out of mutual need, experts say.
Getting there would require a sea change in U.S. policy -- namely putting a major hole in the U.S. trade embargo imposed against Cuba in 1962 to topple Fidel Castro's communist government."..................
"CLOSE TO U.S.
An odd fact is that Cuba will be drilling 50 miles from the Florida Keys, or more than twice as close as U.S. companies can get due to regulations protecting Florida's coast.
U.S. Rep. Jeff Flake, an Arizona Republican who has introduced bills to lift the embargo for oil companies, said the environmental argument may be key because there is much concern in Florida about potential oil spills.
"If there are going to be oil rigs off of Florida, I think most Americans would be more comfortable if they were U.S. oil rigs, rather than Chinese for example," Flake said.
He said U.S. companies are definitely interested in Cuba, but have not publicly pushed for embargo change. In interviews, industry executives emphasized they did not oppose the embargo because it is U.S. national policy and were pushing instead for access to U.S. areas that are currently prohibited, such as offshore western Florida.
"When U.S. companies are not even allowed to drill in the eastern half of the Gulf of Mexico, we have a long way to go before we can think about international waters off the coast of Cuba," said Larry Nichols, chairman of Houston-based Devon Energy.
Cuba has said it would welcome U.S. companies to their offshore field and showed its interest by sending Cubapetroleo representatives to a 2006 conference in Mexico City with companies including oil giant Exxon Mobil and top U.S. refiner Valero Corp.
The conference became the center of international controversy when the Sheraton Hotel kicked out the Cuban representatives after the Bush administration told the U.S.-based hotel chain it was violating the embargo by having paying Cuban guests.
The incident may have convinced the oil industry to lie low on Cuban oil.".............
http://www.reuters.com/article/inDep...thNews&sp=true
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