-e.
2 days ago
Getting past the conventional wisdom
Of course American oil companies won't be joining in this potential black gold rush because of the now 48-year long trade embargo that the United States has maintained against Cuba, all in the vain hope that maybe this just might be the year the embargo drives Fidel Castro from power. I've written before about the pointlessness of the embargo, so no need to repeat those arguments here, but there are some added reasons why the embargo is especially stupid when it comes to drilling for oil. Beyond the simple fact that it means lost revenues for American companies; US-based firms have decades of experience in drilling for oil in the Gulf of Mexico, something the firms currently holding contracts with Cuba lack. Gazprom especially has precious little experience with offshore drilling, one reason why they signed a partnership deal with Malaysia's Petronas to develop their portion of Cuba's offshore fields; given their experience, American firms could be commanding a premium in such partnership arrangements. Then there's the issue of what happens if something goes wrong with one of these wells. Since many of the fields are adjacent to the Straits of Florida, some projections say that oil from a BP-style leak off Cuba could hit the Florida Keys within just three days, presumably then striking the east coast of the United States soon after. This summer we saw just how difficult it was to cap a deep sea well with abundant resources and technology at your disposal; Cuba lacks any sort of deep water operations equipment, particularly the remote operated vehicles (ROVs) that eventually capped the well, meaning the response to a Cuban spill would likely be much slower.
Noize MC was jailed for ten days after performing an impromptu rap about police abuse; he was convicted of “disorderly conduct” two days later and jailed. Since his release, he has seen some of his concerts canceled, likely due to official pressure. While Noize MC may be taking Russian rap to new places, people familiar with the Russian music industry interviewed by GlobalPost say that he is the exception to the rule, and that most musicians today are content to not make waves when it comes to criticizing the government. Perhaps there's no better indication of that than the fact that Prime Minister Vladimir Putin was actually nominated for a rap award earlier this year for his appearance on “Battle for Respect”, a sort of American Idol for aspiring Russian rappers and breakdancers. Putin appeared on the show to give rap and breakdancing his seal of approval for promoting a “healthy lifestyle” among young people; Putin's appearance was subsequently nominated for “Event of the Year” at the first annual Russian Street Awards, a show dedicated to rap, breakdancing and graffiti art (to their credit, the Russian Street Awards organizers decided to limit the butt-kissing to the nomination stage rather than giving Putin an award).
When the Nobel Prize committee announced that the winner of this year's peace prize would be noted Chinese dissident – and current political prisoner - Liu Xiaobo, China warned that Sino-Norwegian relations would likely suffer as a result, but this is a bit ridiculous.| Blog: |
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