so what the chinese are working with Cuba to drill for THEIR oil . ! On Oct 26, 3:11 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
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