Friday, October 17, 2008

Oiled up and ready for action

Well, thank goodness there will now be drilling off the coast of Florida. It may take a few years but this will help with world supply, world prices, and help elevate the standard of living a little bit.

Of course, there is only one slight problem:

The state-owned Cuban oil company says the country may have more than 20bn barrels of oil in its offshore fields - more than double the previous estimate.

Cubapetroleo's exploration manager said drilling in the offshore wells would begin as early as the middle of 2009.

Such reserves would place Cuba among the top 20 oil producing nations.
Glad to see that at least someone is taking energy sufficiency issues seriously. As capitalist countries become more socialist, why not the socialist ones becoming more capitalist?

Yes, the insanity of the US-centric environmentalist movement is clear to see.

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