[Pen-l] Oil, Gas, & Politics

[Jim Devine <jdevine03@xxxxxxxxx>]

from today's SLATE news summary:
> Falling gas prices are bad news for Russia, which has gone from riding high with revenues rolling in as energy prices climbed ever higher to having to close wells for lack of income, the NY [TIMES] reports. And the country is stuck, at least for now — Gazprom negotiated contracts with central Asian nations at prices far above what they've fallen to today, forcing the energy utility to sell gas at a loss. But oil may help grease the gears of Cuba's economic integration with the U.S. — 10 to 15 billion barrels of crude oil are [allegedly] buried underneath 5,000 feet of seawater and 20,000 feet of rock off the island's northwestern coast. Already, familiar arguments about how it might aid the [allegedly] rickety Castro regime are surfacing; even such an attractive deal wouldn't slide very fast through such a Cuba-phobic Congress.<

-- 
Jim Devine / "Segui il tuo corso, e lascia dir le genti." (Go your own
way and let people talk.) -- Karl, paraphrasing Dante.
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