What’s new in exploration ///

Spanish oil company Repsol is drilling a well off the north coast of Cuba, and the reaction in the United States has been uniformly negative. South Floridians, already well compensated after the Macondo debacle, despite the fact that oil never reached their shores, are concerned about the environmental effects, if there is a spill in the Florida Straits. The Cuban Diaspora is irate that Fidel Castro’s government could profit from a successful exploration program. U.S.-based exploration and oilfield service companies are dismayed that they cannot participate in the play.

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