Sunday, October 26, 2008

Cuba oil claims raise eyebrows in energy world

HAVANA, Cuba - October 25, 2008 (Reuters): Cuba's announcement last week that its still untapped offshore oil fields may hold more than 20 billion barrels of oil has raised eyebrows among outside oil experts who say the big number is hard to believe but not out of the realm of possibility.

They said Cuba has excellent geologists, but they would like to see the findings verified by independent experts who have no stake in the Caribbean island's oil future.

Potential reserves of 20 billion barrels or more would put Cuba in the big leagues of world oil producers and bring new prosperity to the communist-run island that imports more than half its energy needs. More >>>

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