China And India To Drill For Cuban Oil Off Florida Keys in Gulf

Just for some fun. While we wait, and wait…..and wait for the left and the rino’s to get a brain about drilling NOW!

China and India to drill for Cuban oil off Florida keys in Gulf of Mexico

Havana Journal with CNN
Plans for foreign oil companies, some from India and China, to drill off the cost of Cuba are prompting calls from lawmakers to ease environmental restrictions that prohibit coastal drilling in most of the U.S., according to a report Tuesday.
At a time of rising soaring gasoline prices caused partly by a lack of supply, legislators are fuming that Cuba is opening up its continental shelf for oil and gas exploration while most of the U.S. continental shelf outside the Gulf of Mexico, which extends 200 miles from shore, has been off limits for drilling since the early 1980s, the New York Times reported.
Adding insult to injury, the Times said U.S. firms were invited to bid on the Cuban contracts, but were barred by the U.S. government due to the country’s longstanding economic embargo of communist Cuba.
“Red China should not be left to drill for oil within spitting distance of our shores without competition from U.S. industries,” Sen. Larry Craig, Republican of Idaho, told the Times.
Firms from Canada and Spain will also drill off the Cuban coast, the article said
Craig is introducing a bill to exempt U.S. oil firms from the embargo, much as food and drug firms are, according to the article.
There are also several bills moving through Congress aimed at opening up areas more areas of the U.S. to oil and gas exploration, including coastal waters and Alaska’s Arctic National Wildlife Refuge.
Supporters of the bills, including the oil industry, say it would help bring down oil and gas prices and decrease the country’s reliance on oil imports from the volatile Middle East.
Gasoline prices have soared 33 percent over the last year, while the price of crude oil has tripled since 2002.
The paper also cited an Interior Department study that said the U.S. continental shelf contained 115 billion barrels of oil and 633 trillion cubic feet of natural gas. That would be enough oil to satisfy U.S. demand, at current consumption levels, for 16 years and enough natural gas for 25 years, according to the Times.

And this:
Obama’s fight against ‘dirty oil’ could hurt oil sands
National Post for complete article
Barack Obama on Tuesday vowed he would break America’s addiction to “dirty, dwindling, and dangerously expensive” oil if he is elected U.S. president — and one of his first targets might well be Canada’s oil sands.
A senior adviser to Mr. Obama’s campaign told reporters it’s an “open question” whether oil produced from northern Alberta’s oilsands fits with the Democratic candidate’s plan to shift the U.S. sharply away from consumption of carbon-intensive fossil fuels.
“If it turns out that those technologies don’t advance . . . and the only way to produce those resources would be at a significant penalty to climate change, then we don’t believe that those resources are going to be part of the long-term, are going to play a growing role in the long-term future,” said Jason Grumet, Mr. Obama’s senior energy adviser.
The remarks amount to a shot across the bow of Alberta’s oil sands industry, which is planning to boost production from 1.3 million barrels a day to 3.5 million barrels over the next decade.
Senator John McCain, the Republican presidential candidate, has also vowed to support alternative energy and reduce U.S. dependence on foreign oil. Mr. McCain has placed more emphasis, however, on the need to lower American reliance on oil from the Middle East and countries like Nigeria and Venezuela. “America imports about one-third of its oil from Canada and Mexico and no one need worry about a reliance on friendly, stable neighbours, and partners in NAFTA,” Mr. McCain said in a speech Monday in Fresno, Calif.
Christopher Sands, a Canada-U.S. relations expert at the Washington-based Hudson Institute, said Mr. Obama’s energy policy could pose as big a challenge to the Canadian economy as his vow to renegotiate the North American Free Trade Agreement.

Wild Thing’s comment……..
Obama is so S T U P I D it hurts!!! The only thing that is “dirty, dwindling, and dangerously expensive” are the words from the lips of Barack HUSSEIN Obama.
So, while Obama is floundering around to fine alternatives to “dirty oil” his people still have to drive to work, get their goods and food delivered by road and heat their homes.