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The Bay Of Rigs (Not being able to drill? $100/bl. Having our Navy dependent on Chavez, Priceless)
Investor's Business Daily ^ | march 19, 2008 | IBD

Posted on 03/20/2008 2:56:09 PM PDT by Conservative Vermont Vet

Cuba invites bids to develop oil reserves 45 miles off the coast of South Florida that are as large as those in ANWR. So why are the United States and its Navy buying oil from a state sponsor of terror?

The Heritage Foundation reports that when U.S. Navy and Marine personnel fill up at their local Navy Base Exchange, they're buying their gasoline from a company owned by Venezuelan dictator Hugo Chavez. Citgo has a $60-million-a-year contract to supply the Navy Exchange with gas through 2010.

The irony is that it's also negotiating a multibillion-dollar, multiyear contract to buy four Kilo-class diesel submarines and four state-of-the-art Amur submarines. They're intended to confront the U.S. Navy in the Caribbean and try to sink the ships those sailors and Marines sail on.

(Excerpt) Read more at ibdeditorials.com ...


TOPICS: Business/Economy; Foreign Affairs; News/Current Events
KEYWORDS: cuba; environment; hugochavez; oil; russia; stupidity; venezuela
"As we have reported, Venezuela is a state sponsor of terror, although it hasn't been officially designated as such. A recently captured laptop belonging to Raul Reyes, second-in-command of the Revolutionary Armed Forces of Colombia (FARC), showed a Venezuelan commitment of $300 million to the FARC — $50 million of which, the computer indicated, has been paid out.The FARC has been formally designated as a state sponsor of terror by Canada, the European Union and the Latin American Parliament. But it hasn't been by the U.S., at least not yet. The Bush administration has launched a preliminary legal inquiry into the obvious that could land Venezuela on the list.

Rhonda Shore, spokeswoman for the State Department's Office of the Coordinator for Counterterrorism, says that in order to qualify, a government must have "repeatedly provided support for acts of international terrorism." That shouldn't be hard.

Designating Venezuela as a state sponsor of terror would shut off its oil exports to the U.S., where its Citgo refineries are among the few in the world that can handle its heavy crude. This would make it hard for Chavez to export his tyranny and even stay in power.

Soon there will be rigs 45 miles off the coast of Florida tapping into oil and gas reserves nearly as large as those contained in a tiny frozen part of the Arctic National Wildlife Refuge. But the rigs will belong to Hugo's friend and ally, the Cuba of Fidel and Raul Castro.

(Oh yes, musn't forget to send our "appreciation" to W's useless POS brother, Jeb-zebell)

"The U.S. Geological Survey estimates that the North Cuban Basin contains as many as 9.3 billion barrels of oil (multiply by $100 plus) and almost 1 trillion cubic feet of natural gas.

"Thanks to an agreement negotiated by Jimmy Carter that splits the 90 miles of water between the U.S. and Cuba for economic purposes, it will not be exploited by us.

(News to me, but not surprised considering all the other harm the worst President ever managed to inflicnt on us in just 4 years)

Between this brillinat move and Clinton's Reclamation Act before he left office (which designated as off limits the LARGEST low-sulfur coal deposits IN THE WORLD)coupled with the Enviro-Nuts success in blocking any new exploration and drilling, in addition to W having been a weak leader and gone over to the "dark side," I'm surprised we are ONLY paying $3.25 a gallon.

1 posted on 03/20/2008 2:56:10 PM PDT by Conservative Vermont Vet
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To: Conservative Vermont Vet

The first rule in Government Corruption was, is, and always will be ....”Follow the Money” or as they say ,”Who Benefits?”


2 posted on 03/20/2008 3:00:35 PM PDT by Don Corleone (Leave the gun..take the cannoli)
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To: Conservative Vermont Vet

If we let Cuba drill that area, we deserve these oil prices.

The tree huggers and envirnuts need to sit down, shut up, and stay out of the way. It’s time to drill offshore, onshore, ANWR, my backyard if that will help. We need to step up to the plate on this one, and soon.


3 posted on 03/20/2008 3:07:01 PM PDT by PubliusMM (RKBA; a matter of fact, not opinion)
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To: Conservative Vermont Vet

We should offer the Cuban’s free election to see if they want to become number 51!!!


4 posted on 03/20/2008 3:21:35 PM PDT by Boblo
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To: Conservative Vermont Vet
What is the problem with drilling slant wells from our side of the line? Depth? Just Chicken? Cuba? Excuse me but I suspect that the real reason that we are not in the oil business now is that someplace not far down the road, oil will be depleted and another form of energy will be a must. If we drill in the gulf, ANWR, etc, then as soon as we do, most of the budget/s and incentive to develop alternate forms of energy will dry up. Remember, we have seen this happen several times before.
5 posted on 03/20/2008 3:24:00 PM PDT by ANGGAPO (LayteGulf BeachClub)
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To: ANGGAPO

The problem? Congress has passed laws dictating that we cannot drill off the coast of Florida for green reasons. Just as we cannot drill off the coast of California.

What will be funny is not if, but when, China oil rigs and taners leak like sivs onto the pristean beaches of Florida.


6 posted on 03/20/2008 3:48:18 PM PDT by Dogbert41
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To: Conservative Vermont Vet

7 posted on 03/20/2008 4:21:10 PM PDT by Westlander (Unleash the Neutron Bomb)
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To: Conservative Vermont Vet

8 posted on 03/20/2008 5:36:46 PM PDT by Iron Munro (Suppose you were an idiot, and suppose you were a member of Congress; but I repeat myself.)
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