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To: TobagoJack who wrote (299718)	12/27/2004 8:41:32 PM
From: Terry Maloney	Respond to of 436258

Paranoid? Not me, man, I kinda appprove of all this. <g> Been trying to remind folks for a long time that even the French have nukes, but they never listen ...

To: TobagoJack who wrote (299718)	12/27/2004 10:45:38 PM
From: broadstbull	Respond to of 436258

Scary sh1t....Even Tricky Dick managed to seperate these two during the cold war. We are gonna pay for Shrub's arrogance tenfold.........

To: TobagoJack who wrote (299718)	12/28/2004 12:51:02 AM
From: BubbaFred	Respond to of 436258

I heard on a financial talk radio yesterday morning that a Canadian company found oil off the coast of Cuba. So now Cuba has plenty more offshore oil to sell. About 1 billion barrel was the amount mentioned and it's much better variety than the mostly sour ones in mainland USA and offshore Louisiana. It's either time for US to invade Cuba or to change diplomacy? Castro Announces Crude Oil Discovery story.news.yahoo.com Sat Dec 25, 7:09 PM ET HAVANA - President Fidel Castro (news - web sites) said a crude oil deposit has been discovered off Cuba containing up to 100 million barrels, good news for a country that imports about half the petroleum it needs. "This is the first discovery since 1999," Castro said Friday in a speech to a closed session of the National Assembly. His comments were aired on state television Saturday. Castro said the deposit was located off the coast of Santa Cruz del Norte, east of Havana, during an exploratory drilling. He said production at the site could begin during 2006. Cuba currently produces 75,000 barrels daily, about half of what it needs. It imports most of the rest, much of it on favorable terms from political ally Venezuela. Oil specialists believe Cuba's waters in the Gulf of Mexico could contain large quantities of crude, just as those of Mexico and the United States do. Earlier explorations turned up only modest discoveries. ------------------------------------------- Castro Announces New Oil Find Sun Dec 26,10:13 AM ET By Marc Frank story.news.yahoo.com HAVANA (Reuters) - An oil deposit with an estimated 100-million-barrel reserve has been discovered off Cuba's coast by Canadian companies Sherritt International Corp. (Toronto:S.TO - news) and Pebercan Inc. (Toronto:PBC.TO - news), President Fidel Castro (news - web sites) said. "We have a new oil discovery ... the first since 1999," Castro said during a closed-door speech to parliament deputies, parts of which were carried on Saturday by official media. "The oil has a density of 18 API ... and contains less than 5 percent sulfur," he said on Friday, pointing out it was of better quality than the heavy crude associated with the area, which averages 16 API and 8 percent sulfur. Cuban oil production was 26 million barrels (71,300 bpd) in 2003 and 653 million cubic meters of gas, the government said, with oil output down slightly in 2004. Cuba consumes a minimum 150,000 bpd, according to the government, importing fuel on preferential terms from Venezuela. Cuban crude comes from onshore wells that dot the northwest coast along Havana am Matanzas provinces. The poor-quality oil is burned in modified power plants and factories and the gas is used to generate electricity and for cooking fuel. The new Santa Cruz field, 33 miles east of the capital, will go into production in 2006, Castro said, while the Canadian firms will drill two new test wells, and explore three other potential deposits nearby in 2005. Foreign companies, mainly Sherritt International and Pebercan, have joint ventures and production agreements with state oil monopoly Cubapetroleo (Cupet) and account for around 60 percent of Cuba's oil and gas output. Cuba wants to provide for 60 percent of its minimum energy needs of 150,000 bpd by 2006, according to the Basic Industry ministry. The forecast does not include any discovery of better-quality oil in Cuba's Gulf of Mexico waters. Spanish oil company Repsol YPF (REP.MC) reported the first test well ever drilled in the deep-water was not commercially viable, but the company plans to drill again in 2006. The 43,250-square-mile (112,000-square-kilometer) area was opened to foreign exploration in 1999. To date, Repsol and Sherritt International have signed exploration contracts, taking six blocks and four blocks, respectively, off the northwest coast. Brazil's Petrobras (news - web sites) (PETR4.SA) (NYSE:PBR - news) is also looking at existing data from two deep-water blocks, and two Chinese companies are also studying various blocks.