US cut off from Cuba's oil rush Date: Monday, July 31 @ 04:42:13 PDT Topic: Business News; Market Research
A Canadian firm is among the companies whose move to drill for oil along Cuba's coastline has raised the eyebrows of oil executives -- and given energy-thirsty America pause to reconsider its 45-year trade embargo against the Communist country.
Canada's Sherritt International Corp. has exploration rights in four of the 59 deep-sea blocks that the Cuban government created in 2005.
