Russia to drill for oil in the Gulf of Mexico

Atreus21

Lifer
Aug 21, 2007
12,001
571
126
From the editorial page.

http://washingtontimes.com/news/2010/mar/18/obama-surrenders-gulf-oil-to-moscow/

By THE WASHINGTON TIMES

The Obama administration is poised to ban offshore oil drilling on the outer continental shelf until 2012 or beyond. Meanwhile, Russia is making a bold strategic leap to begin drilling for oil in the Gulf of Mexico. While the United States attempts to shift gears to alternative fuels to battle the purported evils of carbon emissions, Russia will erect oil derricks off the Cuban coast.

Offshore oil production makes economic sense. It creates jobs and helps fulfill America's vast energy needs. It contributes to the gross domestic product and does not increase the trade deficit. Higher oil supply helps keep a lid on rising prices, and greater American production gives the United States more influence over the global market.

Drilling is also wildly popular with the public. A Pew Research Center poll from February showed 63 percent support for offshore drilling for oil and natural gas. Americans understand the fundamental points: The oil is there, and we need it. If we don't drill it out, we have to buy it from other countries. Last year, the U.S. government even helped Brazil underwrite offshore drilling in the Tupi oil field near Rio de Janeiro. The current price of oil makes drilling economically feasible, so why not let the private sector go ahead and get our oil?

The Obama administration, however, views energy policy through green eyeshades. Every aspect of its approach to energy is subordinated to radical environmental concerns. This unprecedented lack of balance is placing offshore oil resources off-limits. The O Force would prefer the country shift its energy production to alternative sources, such as nuclear, solar and wind power. In theory, there's nothing wrong with that, in the long run, assuming technology can catch up to demand. But we have not yet reached the green utopia, we won't get there anytime soon, and America needs more oil now.

Russia more sensibly views energy primarily as a strategic resource. Energy is critical to Russia's economy, as fuel and as a source of profit through export. Russia also has used energy as a coercive diplomatic tool, shutting off natural gas piped to Eastern Europe in the middle of winter to make a point about how dependent the countries are that do business with the Russians.

Now Russia is using oil exploration to establish a new presence in the Western Hemisphere. It recently concluded four contracts securing oil-exploration rights in Cuba's economic zone in the Gulf of Mexico. A Russian-Cuban joint partnership will exploit oil found in the deep waters of the Gulf.

Cuba has rights to the area in which drilling will be conducted under an agreement the Carter administration recognized. From Russia's perspective, this is another way to gain leverage inside what traditionally has been America's sphere of influence. It may not be as dramatic as the Soviet Union attempting to use Cuba as a missile platform, but in the energy wars, the message is the same. Russia is projecting power into the Western Hemisphere while the United States retreats. The world will not tolerate a superpower that acts like a sidekick much longer.

They're going to do it off the Cuban coast.

Freaking great. At least we get to brag about being ecologically sensitive.
 
Last edited:

Red Dawn

Elite Member
Jun 4, 2001
57,529
3
0
More fuel to the notion we should normalize relations with Cuba so we also could drill off of their coast.
 

HomerJS

Lifer
Feb 6, 2002
38,926
32,047
136
People in favor of offshore drilling don't live near a coast. Floridians oppose drilling off their shores.
 

rudder

Lifer
Nov 9, 2000
19,441
86
91
Maybe the Cubans will get some money and fix up their crummy island.

Russian industry is notorious for turning a fine profit and letting that money trickle to the people. The only ones who see any rubles will be the communist government of cuba.
 

Genx87

Lifer
Apr 8, 2002
41,091
513
126
More fuel to the notion we should normalize relations with Cuba so we also could drill off of their coast.

They are basically drilling where we would be drilling if we didnt have a ridiculous ban. afaik the OCS extends 250 miles. Cuba is 90 miles off our coast.
 

RedChief

Senior member
Dec 20, 2004
533
0
81
People in favor of offshore drilling don't live near a coast. Floridians oppose drilling off their shores.

I live on the West Coast and favor off shore drilling. But drilling in the OCS is not the same as drilling right off shore (you can't see OCS rigs from the coast).
 

theeedude

Lifer
Feb 5, 2006
35,787
6,197
126
Why should I, as a consumer, care? Whether it's Russia or US drilling, the oil is going to be sold on global markets.
 

werepossum

Elite Member
Jul 10, 2006
29,873
463
126
More fuel to the notion we should normalize relations with Cuba so we also could drill off of their coast.

WTF? Seriously, our problem with additional drilling has nothing to do with Cuba, it has to do with progressives who think that the oil extraction part of the global economy should belong to anyone but us. The Democrat party is totally dedicated to making sure no new oil comes from America.
 

werepossum

Elite Member
Jul 10, 2006
29,873
463
126
Why should I, as a consumer, care? Whether it's Russia or US drilling, the oil is going to be sold on global markets.
You see no difference between your country being the one selling the oil and your country being the one buying the oil?

If you want government goodies like free health care, don't you think the society supporting that government needs to be creating wealth?
 

Red Dawn

Elite Member
Jun 4, 2001
57,529
3
0
WTF? Seriously, our problem with additional drilling has nothing to do with Cuba, it has to do with progressives who think that the oil extraction part of the global economy should belong to anyone but us. The Democrat party is totally dedicated to making sure no new oil comes from America.

uhh, it won't be America, it'll be Cuba
 

piasabird

Lifer
Feb 6, 2002
17,168
60
91
My opinion is it does not matter who does the drilling. If more Oil is added to the World market that means there is more oil for everyone.

Drill Baby Drill.
 

theeedude

Lifer
Feb 5, 2006
35,787
6,197
126
You see no difference between your country being the one selling the oil and your country being the one buying the oil?
Nope. My country is not the one doing it anyways, and I don't really care if the company pumping the oil is based in US or Russia, they aren't going to give me any breaks either way.
If you want government goodies like free health care, don't you think the society supporting that government needs to be creating wealth?
When we have free healthcare and US oil company profits are paying for a big part of it, get back to me. Until then, couldn't care less.
 

Sclamoz

Guest
Sep 9, 2009
975
0
0
WTF? Seriously, our problem with additional drilling has nothing to do with Cuba, it has to do with progressives who think that the oil extraction part of the global economy should belong to anyone but us. The Democrat party is totally dedicated to making sure no new oil comes from America.

Since when are Bush Sr. and Jeb Bush democrats & progressive?
 
Last edited:

Darwin333

Lifer
Dec 11, 2006
19,946
2,329
126
People in favor of offshore drilling don't live near a coast. Floridians oppose drilling off their shores.

La doesn't have a problem with it and Florida sure doesn't have a problem using the gas and oil that La produces, refines and delivers.

The only thing La has a problem with is the Feds giving us a seriously screwed up deal on the royalties generated from their offshore oil production.

Edit:

And now for some real irony, it looks like Florida is going to get drilling off their shores regardless if they like it or not. This story is about developing the North Cuban Basin which is in between Cuba and Florida. I wonder which country has better environmental standards, regulations and enforcement? On a brighter note, maybe you guys will get a few jobs to build the pipeline they will use to sell us the oil.
 
Last edited: