Russia to begin drilling for oil in the Gulf of Mexico

[Soul Crusher]

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WWW.BBC.COM
 
Russia to drill for oil off Cuba 
________________________ ________________________ _____

 
Havana imports most of its oil at a subsidised price from Venezuela

Russia is to begin oil exploration in the Gulf of Mexico, after signing a deal with Cuba, says Cuban state media.

Russian Deputy Prime Minister Igor Sechin signed four contracts securing exploration rights in Cuba's economic zone in the Gulf.

Havana says there may be some 20bn barrels of oil of its coast but the US puts that estimate at five billion.

Russia and Cuba have been working to revitalise relations, which cooled after the collapse of the Soviet Union.

Russia's Zarubezhneft oil concern will work alongside the Cubapetroleo monopoly in the deep waters of the Gulf.

"Every time I travel through the region, I come to Cuba to advance our joint economic-commercial projects, and I take every opportunity to communicate with my colleagues," Mr Sechin told local media.

Under the new agreement, Russia has also granted a loan of $150m to buy construction and agricultural equipment.

Havana imports more than half of its oil, mostly at a subsidised price from Venezuela.

Cuba's share of the Gulf of Mexico was established in 1977, when it signed treaties with the United States and Mexico.

The US Geological Survey (USGS) recently estimated that as much as 9bn barrels of oil and 21 trillion cubic feet of natural gas could lie within that zone, in the North Cuba Basin.

________________________ ________________________ ____________________

So Russia and China can drill in the Gulf of Mexico - but Communist-in-Chief says no. 

Unreal.  When you idiots are paying $5.00 a gallon soon for gas go take it up with the traitor you elected as president. 


 

[GigantorX]

We need windmills and higher taxes.

That will solve all of our problems

[saopl]

i hope i live to see the day when we are buying our oil from cuba.

[BodyProSite]

america will be cuba by then   or maybe  cuba/china

[BM OUT]

We need windmills and higher taxes.

That will solve all of our problems

NO,NO,NO!!!We need everyone riding our bikes to work,keep our houses at 60 degrees and use candles to read the NY TIMES.

[BodyProSite]

and do this while using all the drugs they wana legalize,  but god dammit we better not have any salt after they ban that

[240 is Back]

Historians will always wonder why, given both houses of Congress, George W. Bush lacked the courage to defy small pockets of liberal protesters and institute domestic drilling and nuclear energy for the USA.  Instead, he chose to rely on Middle eastern oil for our quickly growing energy needs.

In only his first year, Obama has already worked to get us off the Saudi "teet" by starting domestic nuclear energy - a step in the right direction.  It's weird that a kenyan-born president has done more to free America from Middle-eastern control than a Texas cowboy ever did, isn't it?













This boring thread needed some spin, eh?

[Soul Crusher]

Historians will always wonder why, given both houses of Congress, George W. Bush lacked the courage to defy small pockets of liberal protesters and institute domestic drilling and nuclear energy for the USA.  Instead, he chose to rely on Middle eastern oil for our energy needs.

In only his first year, Obama has already worked to get us off the Saudi "teet" by starting domestic nuclear energy - a step in the right direction.  It's weird that a kenyan-born president has done more to free America from Middle-eastern control than a Texas cowboy ever did, isn't it?













This boring thread needed some spin, eh?

The only difference is that you mean it. 

[OzmO]

Historians will always wonder why, given both houses of Congress, George W. Bush lacked the courage to defy small pockets of liberal protesters and institute domestic drilling and nuclear energy for the USA.  Instead, he chose to rely on Middle eastern oil for our quickly growing energy needs.

In only his first year, Obama has already worked to get us off the Saudi "teet" by starting domestic nuclear energy - a step in the right direction.  It's weird that a kenyan-born president has done more to free America from Middle-eastern control than a Texas cowboy ever did, isn't it?













This boring thread needed some spin, eh?

lol   

PS:  you forgot to throw a little 9/11 in there too.

[240 is Back]

hahaha I can spin a turd any way, 333386.  

I had to laugh mid-paragraph when I realized it's kinda true though.

Bush was all about the oil and didn't start either of those programs.  All I hear about is how "lib protesters stopped him".  They sure as fvck aren't stopping obama, eh?  

[kcballer]

Good point 240.  Classic stuff.

[Soul Crusher]

hahaha I can spin a turd any way, 333386.  

I had to laugh mid-paragraph when I realized it's kinda true though.

Bush was all about the oil and didn't start either of those programs.  All I hear about is how "lib protesters stopped him".  They sure as fvck aren't stopping obama, eh?  

This was another major failing of GWB.  After 911 he should have gone full steam ahead with domestic drilling and shutting the borders.  Instead, he called people like me vigilantes and didnt do shit for drilling.  

[kcballer]

This was another major failing of GWB.  After 911 he should have gone full steam ahead with domestic drilling and shutting the borders.  Instead, he called people like me vigilantes and didnt do shit for drilling.  

Please explain what right you have to demand the destruction of the our beautiful country and oceans so you can pay less for a substance that will RUN OUT?

[Soul Crusher]

Please explain what right you have to demand the destruction of the our beautiful country and oceans so you can pay less for a substance that will RUN OUT?

$4.00 a gallon gas literally was the spark to the finanacial meltdown.  Are you that suicidal to want this to occur again? 

[240 is Back]

"This was another major failing of GWB. "

So you admit Obama has done more for energy independence (nuclear) than Bush did?

brave man, admitting that!

[Soul Crusher]

"This was another major failing of GWB. "

So you admit Obama has done more for energy independence (nuclear) than Bush did?

brave man, admitting that!

He gave freaking speech you idiot! 

He also cut off funding for Yuca Mountain.

This was the typical flim flam Obama 3 card monte scam people like you buy in to.  give a speech and act like the speech is the same as action.  No wonder we have BOY wonder as president.   

[kcballer]

$4.00 a gallon gas literally was the spark to the finanacial meltdown.  Are you that suicidal to want this to occur again? 

You just made my point.  Thanks.  Oil will only ever go up and continue to do so.  If we have renewable energy that WE can create without the destruction of our beautiful country, we won't have to worry about any price of oil.   

Keep living in the 60's buddy!

[Soul Crusher]

You just made my point.  Thanks.  Oil will only ever go up and continue to do so.  If we have renewable energy that WE can create without the destruction of our beautiful country, we won't have to worry about any price of oil.   

Keep living in the 60's buddy!

There is no such thing as a viable alternative to oil to fuel cars other than you drug induced fantasies of Al Gore.

[OzmO]

so pretty much the last 20 years have been hell huh 3333?

[kcballer]

There is no such thing as a viable alternative to oil to fuel cars other than you drug induced fantasies of Al Gore.

So not only are you smarter than nobel prize winning economists and climate studying scientists, you're now an expert on whether or not cars or transportation can run on anything other than oil?  You never thought that maybe if we made it a priority then costs wouldn't come down? Or are you just protecting your shares in exxon?

[Soul Crusher]

so pretty much the last 20 years have been hell huh 3333?

As far as oil goes, we need to drill out own damn oil.  There is no such thing as an alternative to oil to fuel cars or homes.  If there is at the same price or lower, please tell me what it is?  

Without cheap fuel, our nation shuts down.  If you guys dont get that, welcome to 20% UE.  

[BM OUT]

So not only are you smarter than nobel prize winning economists and climate studying scientists, you're now an expert on whether or not cars or transportation can run on anything other than oil?  You never thought that maybe if we made it a priority then costs wouldn't come down? Or are you just protecting your shares in exxon?

Lets see,Al Gore has made 500 million from the global warming hoax.Why doesnt he get together with George Soros,invent another form of engine and make trillions?You know why BECAUSE IT CANT BE DONE!!!!!!We have enough oild HERE for 500 years,we are being held hostage by dumb ass lying enviro kooks like Gore.

[OzmO]

As far as oil goes, we need to drill out own damn oil.  There is no such thing as an alternative to oil to fuel cars or homes.  If there is at the same price or lower, please tell me what it is?  

Without cheap fuel, our nation shuts down.  If you guys dont get that, welcome to 20% UE.  

I disagree.  We should be using everyone's oil first and at the same time aggressively develop alternative energy sources and invest heavily into nuclear power.

That way in 50 years we won't be so dependent on oil, have tons of it and the rest of the world can suck balls.

[Soul Crusher]

I disagree.  We should be using everyone's oil first and at the same time aggressively develop alternative energy sources and invest heavily into nuclear power.

That way in 50 years we won't be so dependent on oil, have tons of it and the rest of the world can suck balls.

I dont agree at all.  That means we are reliant on foreign oil and the arabs etc.  BTW - THERE IS NOT A VIABLE ALTERNATIVE TO OIL! 

Please tell me what it is.   

[a_joker10]

I disagree.  We should be using everyone's oil first and at the same time aggressively develop alternative energy sources and invest heavily into nuclear power.

That way in 50 years we won't be so dependent on oil, have tons of it and the rest of the world can suck balls.

I am pretty sure that this has been American Policy since 1975.
There is still talk of doubling it. Which would be equivalent to a years worth of at the maximum dispensing rate of 4.4million barrels a day.

FYI
http://en.wikipedia.org/wiki/Strategic_Petroleum_Reserve
On November 13, 2001, President George W. Bush announced that the SPR would be filled, saying, "The Strategic Petroleum Reserve is an important element of our Nation's energy security. To maximize long-term protection against oil supply disruptions, I am directing the Secretary of Energy to fill the SPR up to its 700 million barrel [111,000,000 m³] capacity."[2] The highest prior level was reached in 1994 with 592 million barrels (94 million m³). At the time of President Bush's directive, the SPR contained about 545 million barrels (87 million m³). Since the directive in 2001, the capacity of the SPR increased by 27 million barrels (4.3 million m³) due to natural enlargement of the salt caverns in which the reserves are stored. The Energy Policy Act of 2005 has since directed the Secretary of Energy to fill the SPR to the full 1 billion barrel authorized capacity, a process which will require a physical expansion of the Reserve's facilities.

On August 17, 2005, the SPR reached its goal of 700 million barrels (111,000,000 m³), or about 96% of its now-increased 727-million-barrel (1.156E+8 m3) capacity. Approximately 60% of the crude oil in the reserve is the less desirable sour (high sulfur content) variety. The oil delivered to the reserve is "royalty-in-kind" oil—royalties owed to the U.S. government by operators who acquire leases on the federally owned Outer Continental Shelf in the Gulf of Mexico. These royalties were previously collected as cash, but in 1998 the government began testing the effectiveness of collecting royalties "in kind" - or in other words, acquiring the crude oil itself. This mechanism was adopted when refilling the SPR began, and once filling is completed, revenues from the sale of future royalties will be paid into the federal treasury.