HAVANA -- Cuba is still waiting for its offshore oil rush.
It has been four years since U.S. experts said the island may sit atop nearly 10 billion barrels of deep-sea oil, revealing for Cuba an enormous economic Catch-22.
Cuba needs the technical expertise of major western oil companies to get to any of the unexploited crude. Yet on Feb. 7 the U.S. marked the 47th year of a trade embargo that has blocked producers with the technical ability to drill that deep, denying Cuba what could be a massive windfall.
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Kuba sehnt Ölboom herbei und geht das Geld aus
