Prometheus 6

Cuba oil boom may complicate U.S. embargo
BY JANE BUSSEY

The discovery of oil in the Florida Straits and near the Cuban shoreline -- potentially billions of barrels of reserves -- has boosted Cuba's energy prospects and drawn the attention of the U.S. oil industry.

Now, a small Canadian energy company, Sherritt International, says it plans to export Cuban oil for the first time -- a move that could put the crude on a collision course with the U.S. trade embargo against Cuba.

Details are few, but questions about the move go to the heart of the embargo: Where will the oil be refined? And how could Sherritt International or subsequent handlers keep the Cuban crude out of fuel being exported to the United States?