Last Sunday, the Sixth Summit of the Americas ended without a formal declaration but with the United States chastised and isolated by its regional allies. Nearly everything has been said about the Summit – setting aside for a moment the Secret Service scandal – and nearly everyone has said it. … read more »
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Tag Archives: energy
March 27, 2012
More than 50 years ago, the government of Cuban leader Fidel Castro seized the power plants of the Cuban Electric Company. You’d be forgiven for thinking that would have spelled the electric company’s demise. You’d be wrong. In fact, the company (ticker: CGAR) held its annual shareholder meetingin Naperville, Ill., last November…. read more »
March 23, 2012
As old saying goes, where you stand depends on where you sit. As the New York Times reported this week, Cuba’s Cardinal Ortega, the priests, the faithful, the protestors in Cuba, the diaspora in Miami, official Washington, and many others have assigned great expectations to the visit of Pope Benedict… read more »
March 9, 2012
The U.S. rarely has a kind word for Cuba or its government. So, it was noteworthy this week when our State Department released its 2011 annual reports on drug trafficking and money laundering and Cuba received good marks for its counter-narcotic efforts. The brief section on Cuba in the report,… read more »
January 18, 2012
US senator in Cuba to press on jailed American, offshore oil
AFP - High-ranking US senator Dick Durbin was in Cuba pressing for the release of a jailed American, and in talks on Cuba’s key offshore oil drilling project near US waters, his office said Wednesday. The United States does not maintain full diplomatic relations with its neighbor, the only one-party Communist… read more »
October 28, 2011
US Embargo on Cuba Hinders Response to Gulf Spill
Heather Scott, LatAm Energy, Washington – The U.S. economic embargo on Cuba has had many unintended consequences in the half-century since it was imposed, but since the end of the Cold War most have gone largely unremarked due to the small economic impact of the island nation. But the scenes… read more »
October 13, 2011
Arrival of Cuba offshore oil rig delayed again
Jeff Franks, Reuters, Havana - The arrival of a Chinese-built drilling rig set to explore for oil in Cuban waters has been delayed again and is not expected to reach the island until the second half of December, sources close to the project said. The delay is the latest of many… read more »
September 30, 2011
EXCLUSIVE-Cuban government set for broad reorganization
Marc Frank, Reuters, Havana - Cuba plans to close some ministries, create new ones and eliminate some of their business activities by year end in reforms spearheaded by President Raul Castro to modernize the communist island’s economy, government sources said. On Thursday the government announced that the sugar ministry would be… read more »
September 20, 2011
US court rules against Chevron in Ecuador oil case
BBC - A US court has overturned a block on Ecuadoreans collecting damages totalling $18.2bn (£11.5bn) from Chevron over Amazon oil pollution. The order reversed a previous judge’s ruling that froze enforcement of the fine outside Ecuador. But it is not the end of the legal saga, which is also going through… read more »
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