This has got to be the latest slap in the face for American imperialism

Cuba, that tiny little communist country 90 miles from Florida, has now got as much oil as the mighty US.
I can see all those greedy Cubans who fled to the US trying to find boats to take them back in the next few years.
Good for you Cuba.
You deserve any good fortune that comes your way.
50 years of standing your ground against American imperialism, American aggression and the most powerful military the world has seen and you never blinked.

Cuba claims massive oil reserves

Cuba currently produces 60,000 barrels of oil a day

The state-owned Cuban oil company says the country may have more than 20bn barrels of oil in its offshore fields - more than double the previous estimate.

Cubapetroleoapos;s exploration manager said drilling in the offshore wells would begin as early as the middle of 2009.

Such reserves would place Cuba among the top 20 oil producing nations.

Cubapetroleoapos;s estimates are based on comparisons to known oil reserves found within similar geological structures off the coasts of the US and Mexico.

The company said Cuba had undersea geology "very similar" to that surrounding Mexicoapos;s giant Cantarell and Poza Rica oil fields in the Bay of Campeche.

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Cubaapos;s share of the Gulf of Mexico was established in 1977, when it signed treaties with the US and Mexico.

The US Geological Survey (USGS) recently estimated that as much as 9bn barrels of oil and 21 trillion cubic feet of natural gas could lie within that zone, in the North Cuba Basin.

However, Cubapetroleo exploration manager Rafael Tenreyro Perez said his companyapos;s estimate was higher because it had better information about Cubaapos;s offshore geology.

"Iapos;m almost certain that if [USGS officials] ask for all the data we have, their estimate is going to grow considerably," he told a news conference in the capital, Havana.

If correct, Cubaapos;s oil reserves would be almost the same as those of the US - 21bn barrels, according to the Oil Gas Journal - and nearly twice the size of Mexicoapos;s - 11.7bn barrels.

It could generate unprecedented wealth for the Communist-run state.

Mr Tenreyro said he expected the first production well to be drilled before the middle of next year by a consortium led by the Spanish oil company, Repsol, and that more wells could be started before 2010.

Cuba currently produces 60,000 barrels of oil a day.

It depends on Venezuela for an additional 93,000 barrels a day, which it receives at preferential rates in exchange for the services of thousands of Cuban doctors working in Venezuela.

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