Senator: U.S. firms should explore Cuban oil reserves
WASHINGTON — Allowing U.S. companies to explore the oil resources of Cuba would expand the nation’s energy sources, says Sen. Larry E. Craig, Idaho Republican, who is pushing legislation to tap the petroleum potential of the Cuban coast.
“China, India, Norway, Canada and Spain have already bid and — in the cases of China, Spain and Canada — bought the rights to do exploratory drilling in the North Cuba Basin,” Mr. Craig said. “We should allow U.S. companies to do the same thing that other foreign oil companies around the world are doing: explore and build the infrastructure to sell oil in this region of Cuban waters.”
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