With Gas at $4 Per Gallon… Democrats Reject GOP Bill to Expand Drilling:
Because of current U.S. policy, U.S. companies are prohibited from developing oil fields that lie in Cuban waters and come within 50 miles of Florida. However, Cuba is exploring and developing these oil fields, estimated by the U.S. Geological Survey to possess more oil than the Alaska National Wildlife Refuge, and Cuba is partnering with China and other countries, such as Spain, France, and Canada.
The Castro Regime will begin drilling off the coast of Florida this year and will go deeper than the Deepwater Horizon rig that exploded in the Gulf of Mexico in April.
But, US companies are not so fortunate.