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Will Russia Drill Off Florida's Coast?
IBD Editorials ^ | August 5, 2009 | INVESTORS BUSINESS DAILY Staff

Posted on 08/05/2009 5:13:29 PM PDT by Kaslin

Energy: As Russian attack submarines patrol our eastern seaboard, Moscow signs a deal to help Castro's Cuba drill for oil off the Florida coast. In Moscow and Havana, the cry is "Drill, Comrade, Drill!"


Two Russian nuclear attack submarines have taken up positions along our East Coast in recent days, another sign of renewed assertiveness by the former communist giant. The move comes as Moscow inks a deal with the communist relic of Cuba to drill for oil we refuse to go after.

The submarines are of the Akula class, a counterpart to the Los Angeles class attack subs of the U.S. Navy. "I don't think they've put two first-line nuclear subs off the U.S. coast in about 15 years," said Norman Polmar, a naval historian and submarine warfare expert.

The subs' appearance may be more symbolic than a real threat. More interesting, perhaps, are the four contracts Russian Deputy Prime Minister Igor Sechin signed in Havana during his recent visit there.

They allow Russia's Zarubezhneft oil concern to work with the Cubanpetroleo monopoly to explore and develop the oil riches of the North Cuban Basin off Florida.

Havana imports more than half its oil, mostly at a subsidized price from Hugo Chavez's Venezuela. Cuba's domestic output is exclusively heavy oil with a high sulfur content. Its offshore Gulf waters could contain large quantities of lighter, sweet crude.

Drilling will be done off America's coast soon enough. But thanks to a treaty signed by President Carter, the new oil and gas resources that will be discovered in the region will be discovered by Russia and Cuba to their economic benefit.

(Excerpt) Read more at ibdeditorials.com ...


TOPICS: Business/Economy; Cuba; Editorial; Front Page News; Government; News/Current Events; Russia; US: Florida
KEYWORDS: 111th; akula; bhoeconomy; bhoenergy; bhorussia; crude; crudeoil; democrats; donttreadonme; drillbabydrill; drillbarrydrill; drillgate; drillheredrillnow; drilling; economy; energy; energypolicy; envirowackos; givemeliberty; gulfofmexico; hugochavez; ibd; jimmycarter; naturalgas; navy; ocs; offshoredriling; offshoredrilling; offshoreoil; oil; oildrilling; oilreserves; oilsupply; petroleum; russiannavy; submarine; submarines; usgd; usgs; usnavy; venezuela
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1 posted on 08/05/2009 5:13:29 PM PDT by Kaslin
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To: bareford101; BerniesFriend; blaveda; Bookwoman; Celeste732; dsc; FrdmLvr; FreedomPoster; ...

2 posted on 08/05/2009 5:14:39 PM PDT by Kaslin (Acronym for 0bama: One Big Ass Mistake America)
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To: Kaslin

Yes. And they’ll use sideways-drilling platforms to do it.


3 posted on 08/05/2009 5:16:10 PM PDT by Terpfen (FR is being Alinskied. Remember, you only take flak when you're over the target.)
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To: Joe Brower

Florida ping material?


4 posted on 08/05/2009 5:16:35 PM PDT by Terpfen (FR is being Alinskied. Remember, you only take flak when you're over the target.)
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To: Kaslin

Prediction: Obama will vote “Present.”


5 posted on 08/05/2009 5:17:09 PM PDT by sionnsar (IranAzadi|5yst3m 0wn3d-it's N0t Y0ur5:SONY|Neda Agha-Soltan - one victim of murderous regime)
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To: Kaslin

Cuban Oil Crisis


6 posted on 08/05/2009 5:18:25 PM PDT by coconutt2000 (NO MORE PEACE FOR OIL!!! DOWN WITH TYRANTS, TERRORISTS, AND TIMIDCRATS!!!! (3-T's For World Peace))
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To: Kaslin

Why not, China was last I knew.


7 posted on 08/05/2009 5:19:25 PM PDT by Darksheare (Tar is cheap, and feathers are plentiful.)
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To: Terpfen
"Yes. And they’ll use sideways-drilling platforms to do it."

I drink your milkshake!

8 posted on 08/05/2009 5:20:06 PM PDT by Freedom_Isn't_Free (in fact, it isn't even cheap)
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To: Terpfen
I have been on many drilling platforms, but I have never even heard of a sideways-drilling platform. However, platforms do use directional drilling technology, none of which is capable of that far of a lateral reach.

So, no the Russians will not be taking your oil.

9 posted on 08/05/2009 5:21:39 PM PDT by trumandogz (The Democrats are driving us to Socialism at 100 MPH -The GOP is driving us to Socialism at 97.5 MPH)
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To: Kaslin

We are so screwed. The Russians are going to help the Cubans drill oil out from under our very noses. And yes, they will do the horizontal drilling thing. Our gas will be right back up to more than $4 soon, thanks to the brilliant BO energy “plan.”


10 posted on 08/05/2009 5:22:04 PM PDT by La Lydia
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To: Freedom_Isn't_Free

I drink it up.


11 posted on 08/05/2009 5:22:38 PM PDT by Jeff Chandler (Obama is in way over his ears.)
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To: Kaslin
But thanks to a treaty signed by President Carter,

Heard that one before. Dimwits in this country have no conception of how long their bad choices for President cause problems.

We could get rid of Hussein tomorrow & and we will still be discovering the stink of his actions thus far 20 years from now.

12 posted on 08/05/2009 5:25:48 PM PDT by ChildOfThe60s (If you can remember the 60s........you weren't really there)
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To: Terpfen
And they’ll use sideways-drilling platforms to do it.

That technology is land based. Not something, I believe, that is done on platforms at sea.

13 posted on 08/05/2009 5:26:35 PM PDT by Bloody Sam Roberts (Hope requires the contender, who sees no virtue in surrender.)
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To: Kaslin

yeah wht not, everybody else is except the US


14 posted on 08/05/2009 5:27:20 PM PDT by Doogle (USAF.68-73..8th TFW Ubon Thailand..never store a threat you should have eliminated))
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To: Terpfen

The Russians are known as staunch environmentalists too.
They will drill cleaner, rather than the evil American companies who will pollute. Wonder if they will do Cap and Tax?

This is Vlad Putin flipping off our weak Prez saying “look what I am doing right under your nose”.


15 posted on 08/05/2009 5:28:23 PM PDT by deep trout
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To: Terpfen

The directional drilling that I have done in the past, is only a few thousand feet. Not several miles, which is what it would take.
The reason you will see $4 gas, is because Scumbama is adding taxes each week. Plus they refuse to let us drill, so we will be short on our reserves soon. They are already getting low on natural gas in New Mexico and some power plants.


16 posted on 08/05/2009 5:29:00 PM PDT by Old Texan ((Leave me the HECK alone and let me live my life. I hate Commie's))
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To: Kaslin
Two Russian nuclear attack submarines have taken up positions along our East Coast in recent days,

And why weren't our subs there first?

17 posted on 08/05/2009 5:29:37 PM PDT by jeffc (They're coming to take me away! Ha-ha, hey-hey, ho-ho!)
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To: Bloody Sam Roberts

Most of the wells that are drilled now are horizontal.
You get more wells from one platform.


18 posted on 08/05/2009 5:30:44 PM PDT by Old Texan ((Leave me the HECK alone and let me live my life. I hate Commie's))
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To: jeffc

How do you know they aren’t ?


19 posted on 08/05/2009 5:32:55 PM PDT by Misterioso
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To: jeffc
And why weren't our subs there first?

How do you know they were not?

20 posted on 08/05/2009 5:33:09 PM PDT by Snurple (VEGETARIAN, OLD INDIAN WORD FOR BAD HUNTER.)
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