Thursday, May 25, 2006

Lift Embargo Or Start Drilling?

U.S. Concerned By Cuban Oil Drilling Off Coast

Cuba is leasing oil drilling rights off its northwest shores. Some in the United States say the federal government should swallow its distaste of Fidel Castro and allow U.S. companies to bid on the rights. Others say no one should be drilling just 50 miles off Key West.

The U.S. trade embargo is 44 years old. The potential reserve that might be located in the area is more than one billion barrels.

The leading country in leasing Cuban oil rights? China

Does it make sense to allow China to drill for oil 44 mi. off of Key West with their poor environmental record?

At the same time, the House of Representatives have decided to continue the 25 year ban on offshore oil drilling in coastal waters outside the western Gulf of Mexico.

At a time of raising oil/gas prices, should we lift the embargo on Cuba and bid for the oil drilling rights or should we start drilling in our own territorial waters? Or any other combination?

19 Comments:

At 7:42 AM, Blogger WomanHonorThyself said...

Welcome back AC!!!...will ponder the drilling issue and get back to ya!!!

 
At 8:01 AM, Blogger Freedomnow said...

I advocated dropping the embargo a long time ago. Since the rise of Chavez I have grown less inclined to support that point of view.

Freedom Now

http://freedomnowonline.blogspot.com/

 
At 11:14 AM, Blogger Mr. Ducky said...

I don't see what is gained by making a big deal of this.

We simply aren't going to antagonize China over oil. We've seen that in Sudan.

If oil were discovered and money came into Cuba it might go towards creating a nascent middle class which is the only way to loosen Castro's grip.

 
At 11:58 AM, Blogger eyesallaround said...

Welcome back AC!

 
At 12:08 PM, Blogger American Crusader said...

Holy Shit...ducky's first visit.
I'm worried that if Cuba's economy starts turning around it will prolong Castro's Communist government. He doesn't have a whole lot of life left, even though he seems very healthy for a man his age.
The whole idea of the embargo was to bring about an economic collapse, but Castro's resilience was underestimated.
I don't want to see China drilling oil wells in the Golf Mexico while we sit on our hands.

 
At 2:30 PM, Blogger Always On Watch said...

Crusader,
ducky's first visit

What to say? Is congratulations in order?

 
At 4:47 PM, Blogger American Crusader said...

I always enjoy ducky's comments even if I don't agree with the majority of them. At least they are well thought out.

 
At 4:52 PM, Blogger Brooke said...

Yes, they are. Ducky can usually carry on a conversation without being blatantly insulting!

I think we should drill wherever we have rights, and bid with whomever, while working (not just talking about) towards real alternative fuels and energy independance.

If only the environmentalists would shut up!

 
At 5:05 PM, Blogger Elmer's Brother said...

How about drilling in Colorado and Utah. I read that Rand says there is more oil there than in the Middle East. Anyone else heard that?

 
At 5:11 PM, Blogger American Crusader said...

elmer's brother...I noticed that the House passed a bill allowing drilling in Alaska today. Estimates say this will add up to one million barrels of oil a day. We should be using all of our resources while at the same time pursuing conservation measures. We really need to start building nuclear energy plants. We let ourselves get into this situation.

 
At 5:41 PM, Blogger Gayle said...

It's really great to have you back, AC!

We did indeed let ourselves get into this situation. We also need to be building refineries. We haven't built any refineries in 30 years.

I'm glad drilling is going to go forward in Alaska. One billion barrels of oil a day will be a good start. I agree with your take on this 100%.

 
At 5:46 PM, Blogger MissingLink said...

Drill wherever you can and build reactors at the same time.

Why is Castro still alive?

 
At 10:53 PM, Blogger kevin said...

Elmer,you have the coolest avatar!

More drilling is just one of several things we should be doing to rid ourselves of foriegn oil.

 
At 11:12 PM, Blogger Elmer's Brother said...

Thanks it's the iconic Woody Guthrie. You should see the variation I made of it.

 
At 3:08 AM, Blogger Always On Watch said...

Crusader,
Castro's family has a history of longevity, and most of them have lived well into their 90's. Fidel may be around for quite a while longer.

 
At 6:27 AM, Blogger American Crusader said...

You're right gayle...I didn't even mention refineries. There are a lot of reasons, mostly political, that we have let ourselves get into this situation.
We should have learned a lesson during the late seventies.

 
At 9:10 AM, Blogger beakerkin said...

AC

The Duck is lucid compared to the others. However he has his odd moments such as fixations on Rand and Renoir but that will come later.

 
At 8:23 AM, Blogger Pastorius said...

I have a question, how is it that a nation of bright people such as Cuba can not figure out how to drill for oil themselves?

 
At 9:16 AM, Blogger kev said...

I must say that the Duck has a valid point, even though I, personally, find it very distasteful to re-open trade with cuba. However, there are other countries in the world just as bad as cuba with whom we trade. I do think, though, that there are some domestic measures we can take to improve our oil problem, including the oil in Alaska. Obviously, there is no way we will eliminate our need for oil in the very near future, and when it comes to the point where our own security, which is tied to oil, is dependent upon countries who are at least potential enemies, it is time we use ALL our own resources while searching for alternative means.

 

Post a Comment

<< Home

Photo Sharing and Video Hosting at Photobucket