Cuba: The end of the deepwater oil lie

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After offshore oil failure, Cuba shifts energy focus (emphasis added) Cuba has shifted its focus away from offshore oil, concentrating on renewable energy and improving output from onshore wells due to a lack of interest by foreign companies for further deepwater exploration, sources close to the industry say. That includes China and Russia; after three deepwater wells drilled in 2012 came up dry. Capitol Hill Cubans blog had a more tactful title than mine, Cuba Ends Deepwater Oil Exploration Illusion. . . .

Read more from Cuba: The end of the deepwater oil lie at Fausta's Blog

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