Good Grief, they're stupid
From Joanne98's own link:Joanne98 (1000+ posts) Tue Jun-17-08 06:08 PM
Searching For The True Source Of A Bogus Story
Advertisements [?]We've been trying to find the original source for that mysterious meme about China drilling for oil off the coast of Cuba and Florida.
It's flat out wrong. The AP debunked it a few days ago after Vice President Dick Cheney tried to pass it off in remarks to the U.S. Chamber of Commerce about high energy prices.
But it lives on. GOP operative Mary Matalin repeated it on CNN just last night.
We've traced the evolution of the non-fact and found it emerged a few months ago with an inexplicable spate of letters to the editor at small and regional daily newspapers. Within weeks it was popping up as a talking point among many Republican lawmakers and getting traction from conservative pundits.
In most instances, the Republicans point to the (fake) story as reason to suspend the current moratoriums on offshore drilling that are largely based on environmental concerns. It may also serve to gin up opposition to the Cuban regime, a sentiment that has been vital to GOP support in Florida.
It is true that Sinopec, the Chinese oil company, along with a half dozen other foreign firms, signed an agreement with the Cuban government to possibly explore for drilling opportunities offshore. The Sinopec deal was forged back in 2005, and any actual drilling has been delayed until at least 2009.
A 1977 agreement between Cuba and the United States set the maritime boundary at the halfway mark along the 90-mile stretch from Key West to the Cuban coast. Cuban drilling about 50 miles off the coast of Florida could begin next year.
Here Joanne, I'll do your work for you:
China is positioned to get the oil in the Gulf of Mexico through Cuba and Venezuela. There may not be Chinese rigs in the Gulf, but in the end China will be using oil that we should be competing for ourselves.China, Cuba reported in Gulf oil partnership
U.S. firms stand by, prohibited from bidding on contracts; lawmakers propose opening up U.S. coast for drilling.
May 9, 2006: 10:12 AM EDT
NEW YORK (CNNMoney.com) - Plans for foreign oil companies, some from India and China, to drill off the cost of Cuba are prompting calls from lawmakers to ease environmental restrictions that prohibit coastal drilling in most of the U.S., according to a report Tuesday.
At a time of rising soaring gasoline prices caused partly by a lack of supply, legislators are fuming that Cuba is opening up its continental shelf for oil and gas exploration while most of the U.S. continental shelf outside the Gulf of Mexico, which extends 200 miles from shore, has been off limits for drilling since the early 1980s, the New York Times reported.
Firms from China and India will be drilling for oil off the coast of Cuba, but U.S. companies are prohibited from bidding on the contracts, according to a recent report.
Adding insult to injury, the Times said U.S. firms were invited to bid on the Cuban contracts, but were barred by the U.S. government due to the country's longstanding economic embargo of communist Cuba.
The United States Geological Survey estimates the Cuban deal involves 4.6 billion barrels of oil and 9.8 trillion cubic feet of natural gas, according to the Times. The paper said that's enough oil and gas to power the U.S. for a few months.
The paper also cited an Interior Department study that said the U.S. continental shelf contained 115 billion barrels of oil and 633 trillion cubic feet of natural gas. That would be enough oil to satisfy U.S. demand, at current consumption levels, for 16 years and enough natural gas for 25 years, according to the Times.