Gaar, Article is from May 2006. How well did Larry Craig's legislation do in the Republican controlled Congress of May 2006? How'd it fair with the DRILL, DRILL and NOW boys? Maybe we'd be in a better position had we not been pissing in Castro's corn flakes every chance we got for the past 40 years or so. Maybe it would be American oil companies working with Cuba instead of Chinese. Ah well, hindsight is always 20/20 I suppose.
On Oct 26, 2:11 pm, Gaar <[EMAIL PROTECTED]> wrote: > http://www.americanfreepress.net/html/china_starts_oil_drilling.html > > WHILE AMERICA TWIDDLES THUMBS, CHINESE TAP BILLIONS OF BARRELS > > By Mike Blair > > While Washington dithers over exploiting oil and gas reserves off the > coast of Florida, China has seized the opportunity to gobble up these > deposits, which run throughout Latin America, the Caribbean and along > the U.S. Gulf coast. > > The Chinese have forged a deal with Cuban leader Fidel Castro to > explore and tap into massive oil reserves almost within sight of Key > West, Florida. At the same time, Venezuelan President Hugo Chavez, who > controls the largest oil reserves in the Western Hemisphere, is making > deals to sell his country s oil to China, oil that is currently coming > to the United States. > > Meanwhile, a new left-wing populist regime in Bolivia has nationalized > the natural gas industry, threatening to cut off supplies to the > United States. > > SLANT DRILLING > > There are new reports out circulating that Chinese firms are planning > to slant drill off the Cuban coast near the Florida Straits, tapping > into U.S. oil reserves that are estimated at 4.6 billion to 9.3 > billion barrels. This compares with 4 billion to 10 billion barrels > believed to be beneath the Alaska National Wildlife Refuge, where > drilling is held up in Congress due to the objections of environmental > groups which warn of endangering caribou. Permission to drill in the > refuge, which experts are certain will not present any environmental > hazard, has failed by just two votes in the Senate. > > As Chinese business increases its reach around the world, it is > seeking oil, which it lacks domestically. > > After elections in Mexico in early July, when a new regime hostile to > Washington is expected to take power, the United States might be > without supplies of Mexican crude oil. The United States gets about 40 > percent of its imported oil from Mexico and Venezuela. > > China is eager to tap into oil reserves in the Florida Straits and > then make a deal with Castro to control it. The Chinese have already > reopened an abandoned Russian oil refinery in Cuba. Much of the gas > refined there is believed to be destined for Freeport in the Bahamas, > where the Chinese, through front company Hutchison-Whampoa, has > developed a massive port facility and airfield. > > With the refinery reopened and expanded it will also meet the needs of > Castro. > > Sen. Larry Craig (R-Idaho) has introduced legislation to ease U.S. > restrictions that prevent dealing with Cuba to drill in the Florida > Straits. It is hoped that Florida regulations that prevent U.S. oil > drilling off the state s coasts could also be eased. > > The irony is that Chinese drilling could be even more of an > environmental hazard since China is not as concerned about or equipped > to deal with any potential ecological disaster as a result of a spill, > said Craig. > > (Issue #22, May 29, 2006) --~--~---------~--~----~------------~-------~--~----~ Thanks for being part of "PoliticalForum" at Google Groups. For options & help see http://groups.google.com/group/PoliticalForum * Visit our other community at http://www.PoliticalForum.com/ * It's active and moderated. Register and vote in our polls. * Read the latest breaking news, and more. -~----------~----~----~----~------~----~------~--~---
