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Page added on February 27, 2011
Gasoline Gangsters Episode 7: Did Cuba Survive Peak Oil?
Did Cuba really survive peak oil? Unfortunately Cuba is yet to hit it’s own peak oil production. This week I discuss how this small island nation has the potential to produce 20 billion barrels of oil from the North Cuba Basin. That’s more than the total proven oil reserves of America & double the size of Mexico’s current resource base. I also discuss gasoline smuggling, oil theft & urban mining.
2 Comments on "Gasoline Gangsters Episode 7: Did Cuba Survive Peak Oil?"
Beery on Mon, 28th Feb 2011 12:24 am
Some problems with this video…
Fuel consumption and fuel supply are different things. Consumption may not go down at all after a 50% drop in supply, but that doesn’t mean the supply drop didn’t happen.
Non-conventional oil is not conventional oil. The oil off Cuba’s coast may be recoverable, but it may not. To suggest that Cuba has not survived its peak simply because there’s a vast resource off the coast is misleading at best. At worst, it’s propaganda.
Dusko Jocic on Mon, 28th Feb 2011 2:20 am
Hey Beery,
I agree consumption and supply are not the same thing. But you can’t consume what you don’t have.
And if you can’t oil from one place you’ll try and get it from another. That’s what Cuba did after the fall of the Soviet Union.
Just because 50% of the Cuban oil supply disapeared “overnight” that doesn’t mean Cuba didn’t secure oil from other sources.
The non-conventional resources have been verified by the outside sources. Even US government agencies agree that the reserves are there.
If you take this unconventional oil into consideration, Cuba is possibly decades away from Peak Oil. So Cuba is technically not even at Peak Oil. How can you survive something if you haven’t faced it yet?