Blitzed
Posted in Main Blog (All Posts) on July 30th, 2009 4:45 am by HL
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Cuba and Russia Get Back Together
The Russians are coming … to Cuba. Moscow has inked a deal with Havana to hunt down and suck out what could be as much as 20 billion barrels of oil from Cuba’s share of the Gulf of Mexico. It’s just like old times down South.
Apparently the two countries are trying to rekindle things, probably irritating the United States in the process. Maybe this is payback for that whole Georgia thing.
For the Cubans, it’s certainly more. The island nation depends on subsidized oil from Venezuela for a big chunk of its energy needs.
BBC:
Havana says there may be some 20bn barrels of oil of its coast but the US puts that estimate at five billion.
Russia and Cuba have been working to revitalise relations, which cooled after the collapse of the Soviet Union.
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