Repsol's Cuban Progress An Open Door For U.S.


Spanish energy company Repsol said its exploration campaign off the Cuban coast was moving pretty slowly. Started in February despite a backlash from U.S. lawmakers, the Cuban government said the drilling campaign could break its reliance on Venezuelan reserves. After a false start in 2004, Repsol said geological conditions were impeding Cuban developments. Perhaps the slow pace for Repsol provides time for a strategic reset for Washington if it's savvy enough. Repsol began its drilling campaign off the Cuban coast in February despite calls…

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