Black People Politics : US could lift Cuba embargo after oil discovery

Discussion in 'Black People Politics' started by RAPTOR, Dec 19, 2014.

  1. RAPTOR

    RAPTOR Well-Known Member MEMBER

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    The world's longest-running embargo has endured in part because there was little the US wanted to
    buy from its impoverished neighbour.

    But the discovery of between five and 20 billion barrels of oil in the deep waters off Cuba's north coast,
    only 60 miles away from Florida, has made American businessmen and politicians consider lifting the
    embargo.

    Repsol, the Spanish oil firm, will start exploratory drilling within months. If it strikes a large deposit,
    the trade embargo could be significantly revised or removed, according to Professor Mark Jones, an
    expert on Latin America at the Rice University of Texas.

    "The greater the drilling and production, the greater the pressure will be to engage in a complete
    overhaul of the trade embargo, either getting rid of it altogether or watering it down substantially," he
    said.

    "I think it is fairly realistic, since the embargo is an anachronism of the Cold War sustained only by a
    misguided fear of a backlash from anti-Castro Cuban Americans."

    http://www.telegraph.co.uk/news/wor...ld-lift-Cuba-embargo-after-oil-discovery.html
     
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