gsvol
Well-Known Member
- Joined
- Aug 22, 2008
- Messages
- 14,179
- Likes
- 10
The agreement signed last week between Cuba and a Russian oil company to explore waters in the Gulf of Mexico raises a question that seems almost like a joke -
if Cuba can explore for oil and gas off the coast of Florida, how come the United States can't?
I know we have many posters on here who support most all of the liberal agenda, perhaps one will volunteer to explain this to me, I just don't get it. :fool:
The truth of the matter is that enviromentalists with mega-bucks behind them have done a very good job of raping the citizens of the USA economically, using fear mongering based for the most part on irrationality and falsehoods. It doesn't hurt their cause that they are deeply involved and influential in politics at the highest levels.
if Cuba can explore for oil and gas off the coast of Florida, how come the United States can't?
I know we have many posters on here who support most all of the liberal agenda, perhaps one will volunteer to explain this to me, I just don't get it. :fool:
The problem that I have is not with Cuba exploring, as they are within their legal rights, or even that there are no American companies involved due to U.S. law. The issue is that the exploration of the North Cuba Basin will come within 45 miles of the Florida coast, which is closer than American companies can drill in U.S waters.
Exploration and development in an area of the Gulf of Mexico under U.S. jurisdiction called the Destin Dome, was blocked in 2002 when the U.S. Government bought back most of the leases issued to several exploration and production companies.
These leases belonged to Chevron (NYSE:CVX), Murphy Oil (NYSE:MUR) and Conoco Phillips (NYSE:COP).
This area was effectively dead anyway before the buy back because Florida quashed any permits.
The Bottom Line:
Cuba, a country with which we have no diplomatic or commercial relations, can drill and explore for oil and gas closer to our coast than our own domestic industry can.
This underscores the disarray of U.S. Energy Policy, and will prolong our dependence on foreign sources of oil even longer.
The truth of the matter is that enviromentalists with mega-bucks behind them have done a very good job of raping the citizens of the USA economically, using fear mongering based for the most part on irrationality and falsehoods. It doesn't hurt their cause that they are deeply involved and influential in politics at the highest levels.