Repsol YPF (REP.MC: Quote) expects to have a Chinese-built drilling rig in Cuban waters by the end of the summer and start drilling immediately into a prospective undersea oil field that looks like it could be a big one, a geologist for the Spanish oil company said on Monday.Repsol, in a consortium with Norway's Statoil (STL.OL: Quote) and a unit of India's Oil and Natural Gas Corp. (ONGC.BO: Quote), plans to drill one well with the high-tech Scarabeo 9 rig and another if the first is successful, said senior structural geologist Gonzalo Zamora at Cuba's Earth Sciences Summit in Havana.
"The perspectives are to find something, if not, we wouldn't be drilling. And the sizes are big," he told reporters after making a presentation at the conference that is heavily focused on Cuba's oil and gas development.
IF CASTRO AND THE NORWEGIANS CAN DO IT, THEN SO SHOULD WE.
TOO BAD OBAMA WOULD PROBABLY RATHER WE BOUGHT OIL FROM CASTRO!
SOMEONE ASKED ME TO EXPLAIN WHY OBAMA WOULD RATHER THE USA BOUGHT OIL FROM OVERSEAS AND ONLY PRODUCED MORE EXPENSIVE "GREEN ENERGY."
MY ANSWER:
- OBAMA WANTS TO HOBBLE THE USA ECONOMY ...
- SO WE CANNOT HAVE A BIG DEFENSE DEPARTMENT ...
- AND CANNOT BE THE POLICEMAN FOR THE FREE WORLD ...
- AND MUST BE SUBSERVIENT TO THE UN AND THE ARAB LEAGUE AND OTHER INTERNATIONAL/TRANSNATIONAL ORGANIZATIONS...
- THAT ARE ANTI-DEMOCRATIC AND ANTI-AMERICAN.
BRINGING DOWN THE USA S IN OBAMA'S POSTMODERN LEFTIST DNA.
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