Cuba oil prospects cloud US horizon

The discovery of potential deep-water oil and gas reserves off Cuba’s northern coast has caught the eye of the world’s energy-hungry nations.

India’s state-run oil firm ONGC, already signed up to exploration in the area, has just upped its stake – the latest to place its bets on a Cuban oil rush.

The 44-year-old US trade embargo, meanwhile, continues to bar American companies from doing business with the Caribbean island.

But, some observers are asking, can the US really afford to risk losing out on valuable energy resources only 50 miles (80km) off Key West?

BBC