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Otter Tail Corporation Message Board

  • balegoba1966 balegoba1966 May 16, 2006 6:34 PM Flag

    Summer Oil

    Re China and India drilling off Florida coast:

    "Brace for a spate of punitive bills in Congress. Last week, 14 House members, 11 of them from Florida, filed a bill aimed at blocking Cuba from leasing the fields, echoing an earlier Senate bill. The measures would deny visas to employees of any company "that contributes to the development of Cuba's oil-exploration program." It's hard to see what perceptible effects these bills will have. But they hint at the battles to come over growing competition for oil.

    Copyright 2006 Newsday Inc. "

    Meanwhile Ecuador kicks Oxy out (3% of Oxy's reserves), following path of Venz. and Bolivia. Could be a crazy summer in the oil patch.

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