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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Road Walker who wrote (399760)	7/18/2008 7:10:37 AM
From: Brumar89	Read Replies (1) \| Respond to of 1579687

Repsol is a Spanish oil company and they've been drilling offshore Cuba for several years as I showed you. Venezuelan and Canadian companies are also involved in Cuba. China has signed offshore lease agreements with Cuba though. They just haven't gotten to drilling yet. iht.com In 1977, the United States and Cuba signed a treaty that evenly divided the Florida Strait to preserve each country's economic rights. They included access to vast underwater oil and gas fields on both sides of the line. Now, with energy costs soaring, plans are under way to drill this year, but all on the Cuban side. With only modest energy needs and no ability of its own to drill, Cuba has negotiated lease agreements with China and other energy-hungry countries to extract resources for themselves and for Cuba. Cuba's drilling plans have been in place for several years, but now that China, India and others are involved and fuel prices are unusually high, a growing number of lawmakers and business leaders in the United States are starting to complain. ....