Discussion in 'Current Events' started by Ravi, Jun 12, 2008.
McClatchy Washington Bureau | 06/12/2008 | GOP claim about Chinese oil drilling off Cuba is untrue
Technically correct. In keeping with lib's version of foreign policy, we should absolutely wait for the "smoking gun".
"China's Sinopec oil company does have an agreement with the Cuban government to develop onshore resources west of Havana, Piñon said. The Chinese have done some seismic testing, he said, but no drilling. Western diplomats in Havana told McClatchy that to the best of their knowledge there is no Chinese drilling offshore."
China-Cuba rumors fuel renewed offshore drilling debate - 06/12/2008 - MiamiHerald.com
So you think the Chinese have stealth oil rigs?
Yeah, they are delivered by the same spaceship that brought you here.
The Chinese may not be drilling at this very moment (the "technically correct" part of my post). The fact that they are conducting surveys indicates that they will be.
As i said, we should absolutely and positively wait until they start drilling before we allow any US company to do the same....and even then we probably should not let US companies compete with the Chinese effort.
It could also mean that they'll discover with their surveys that it isn't worth the bother.
Possible...then again, they just might find that it is even more lucrative than they expect. Of course, the Chinese deserve that energy resource far more than the US does.
How so? They can't drill in our waters, we aren't about to make a deal with the Cubans...I've not seen any compelling evidence that there is enough oil to get excited about.
Just because you haven't seen it doesn't mean there is none.
Here's some compelling evidence which will probably do even less to excite you:
Assessment of Undiscovered Oil and Gas Resources of the North Cuba Basin, Cuba, 2004
World Assessment of Oil and Gas Fact SheetAssessment of Undiscovered Oil and Gas Resources ofthe North Cuba Basin, Cuba, 2004
Using a geology-basedassessment methodology, the U.S. Geological Surveyestimated a mean of 4.6 billion barrels of undiscovered oil, a mean of 9.8 trillion cubic feet of undis-covered natural gas (8.6 trillion cubic feet of associated-dissolved gas and 1.2 trillion cubic feet of non-associated gas), and a mean of 0.9 billion barrels of undiscovered naturalgas liquids in the North Cuba Basin of Cuba
How long would that last? Is it cost effective to get it? Is it in waters that we can drill in? Who would pay for it?
Apparently the Chinese and others think it would last long enough; is cost effective to get, somehow negotiated to drill in those waters and found some way to pay for it. Of course, US citizens don't have that kind of philosophy and determination. For the US EVERYTHING worth doing is just too hard to do so don't even try.
Separate names with a comma.