Cuba’s Undersea Oil Could Help Thaw Trade With U.S., by Nick Miroff: “Deep in the Gulf of Mexico, an end to the 1962 U.S. trade embargo against Cuba may be lying untapped, buried under layers of rock, seawater and bitter relations. Oil, up to 20 billion barrels of it, sits off Cuba’s northwest coast in territorial waters, according to the Cuban government — enough to turn the island into the Qatar of the Caribbean. At a minimum, estimates by the U.S. Geological Survey place Cuba’s potential deep-water reserves at 4.6 billion barrels of oil and 9.8 trillion cubic feet of natural gas, stores that would rank the island among the region’s top producers.”
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