- The Washington Times - Tuesday, April 21, 2009

ANALYSIS/OPINION:

The possibility of major oil reserves in Cuba’s territorial waters is most certainly the main factor behind the Obama administration’s decision to change U.S. policy toward Cuba. Cuba is drilling for oil off its coast. A major oil-reserve discovery in Cuba’s territorial waters, so close to the refineries on the Gulf Coast, would spur financial interests in the United States that would reverberate through the political system. The current stagnant policy toward Cuba would have to be changed, perhaps drastically.

If a major oil reserve were to be discovered, the current embargo, much like the Carter administration’s grain embargo against the now-defunct Soviet Union, would be more costly to the United States than to Cuba.

EDWARD J. SMITRESKI

Northampton, Pa.


Copyright © 2018 The Washington Times, LLC. Click here for reprint permission.

The Washington Times Comment Policy

The Washington Times welcomes your comments on Spot.im, our third-party provider. Please read our Comment Policy before commenting.

 

Click to Read More and View Comments

Click to Hide