Cuba and Oil: It Gets Worse…..

You’ll recall that Fidel Castro can drill 45 miles off the US coast, when we cannot. You’ll recall further that he’s also going to work with China to let them tap the same reserves, while we look on helplessly with oil hitting $3/gallon. Finally, remember that Sen. Bill Nelson (D-FL) provided the rebuttal to the President’s Weekly Radio Address a week or so ago, talked on and on about energy, even though he’s steadfastly opposed to opening up the Outer Continental Shelf (OCS) to exploration.

OK, so oil prices are skyrocketing and we have 80 billion barrels of oil in the OCS, with 85% of it under a federal moratorium. If you’re Senator Nelson, what do you do when you see Fidel drilling and there’s a moratorium that you have the power to lift? You finally get cracking to lift the moratorium, right?

Wrong.