COMMENT: Oil work can be part of US-Cuban rapprochement

05/04/2009
By Jorge R. Pinon
Two thirds of Cuba’s petroleum demand currently relies on imports, and Venezuela is the single source of these imports under heavily subsidized payment terms.This petroleum dependency, valued at over $3 billion in 2008, could be used by Venezuela as a tool to influence a future Cuban government in maintaining a politically antagonistic and belligerent position toward the US.Cuba has learned from experiences and is very much aware of the political and economic risks and consequences of depending on a single source for imported oil. The collapse of the Soviet Union and the 2003 Venezuelan oil strike taught Cuba very expensive lessons.President Raul Castro understands the risks; his re...

Why Register?

Non-subscribers can only view whitepapers by providing name, home and email address, phone number and other information and comment on/rate articles.

Why Subscribe?

Oil & Gas Journal subscribers with login credentials can access these premium features of OGJ Online:

  • Current Issue – an html version of the current week's issue of Oil & Gas Journal.
  • Past Issues – An Electronic OGJ Archive. A keyword-searchable archive of all issues of Oil & Gas Journal dating back to 1990; also searchable by issue date.
  • Market Journal – a weekly round-up of the oil and gas markets, with observations from leading analysts.
  • Editor's Perspective – a short article of insight and opinion by the Editor of Oil & Gas Journal.
  • OGJ Industry Stats – quick access to current industry statistics from Oil & Gas Journal.
  • OGJ Survey Downloads - quick access to exclusive reports from Oil & Gas Journal.

 

Subscriber Help or Subscribe

Oil & Gas Journal Subscribers: Have your subscription number (from the mailing label on the cover of your Oil & Gas Journal) and e-mail address ready to set up your online account through Customer Service Assistant.

If you're not an Oil & Gas Journal subscriber, start a subscription and gain access to the subscriber areas of OGJ Online now.

ogj horizontal rule