Sunday, April 16, 2017

Oil in Cuba: Dream or Nightmare?

Cuban-Venenzuelan refinery in Cienfuegos (Photo: barometropolitico.com)
cubanet square logoCubanet, Miriam Celaya, Havana, 11 April 2017 — HAVANA, Cuba. – “Thank goodness oil is something we don’t have in Cuba.” So said the lyrics of a popular song by Cuban musical group Habana Abierta. However, now Cuba’s official media insist the opposite is true: “The enterprise Cuba-Petroleum Union (CUPET), which promotes prospecting projects with the participation of foreign capital, reveals that, “In four wells located in the Economic Zone Exclusive to Cuba in the Gulf of Mexico (ZEEC-GOM) there have been indications of crude.”
Lately, when the disappearance of “high test” and the shortage of “regular” gas in Havana have caused real congestion in the few service stations where some fuel could be found, the news of the alleged presence of large Cuban oil reserves sounds like a bad joke: who cares that there are several billion of barrels of oil of dubious quality, deeply buried in the depths of the Gulf, if there is not a drop of gas at service stations? And, if it were true, how would Cubans benefit from it? Our idiosyncrasy has a special mocking phrase to illustrate the case: “It’s here but not for you.” continue reading

No comments:

Post a Comment