Forbes: U.S. should drop Cuba embargo for oil exploration

Christopher Helman, Forbes Staff

In a few months Spanish oil company Repsol will start drilling for oil off the coast of Cuba, in a spot just 70 miles south of Key West. Soon, Repsol and its JV partners — Norway’s Statoil and India’s ONGC — will be joined by rigs from PetroVietnam, Malaysia’s Petronas and Venezuela’s PdVSA. But you won’t see any U.S. companies there. Inexplicably, the U.S. maintains its economic embargo against the Castro regime.

Read more

You May Also Like