Planet Gore

Drill, Tovarisch, Drill

IBD offers a helpful reminder that there is oil off the Florida coast — and some countries actually want to go get it:

As Russian attack submarines patrol our eastern seaboard, Moscow signs a deal to help Castro’s Cuba drill for oil off the Florida coast. In Moscow and Havana, the cry is “Drill, Comrade, Drill!”

Two Russian nuclear attack submarines have taken up positions along our East Coast in recent days, another sign of renewed assertiveness by the former communist giant. The move comes as Moscow inks a deal with the communist relic of Cuba to drill for oil we refuse to go after. . . .

The subs’ appearance may be more symbolic than a real threat. More interesting, perhaps, are the four contracts Russian Deputy Prime Minister Igor Sechin signed in Havana during his recent visit there.

They allow Russia’s Zarubezhneft oil concern to work with the Cubanpetroleo monopoly to explore and develop the oil riches of the North Cuban Basin off Florida. . . .

Drilling will be done off America’s coast soon enough. But thanks to a treaty signed by President Carter, the new oil and gas resources that will be discovered in the region will be discovered by Russia and Cuba to their economic benefit.

Normally, economic zones extend 200 miles off a country’s coastline. In some cases, conflicts can arise based on resources and geography. In 1977, Carter signed a treaty with Cuba that essentially split the difference and created for the communist country an “exclusive economic zone” extending from the western tip of Cuba north virtually to Key West. Cuba has divided its side of the Florida Straits into 59 parcels and put them up for lease.

Foreign countries, including China and India, had acquired the rights to develop 16 of them.

“This is the irony of ironies,” complained Charles Drevna, executive vice president of the National Petrochemical & Refiners Association. “We have chosen to lock up our resources and stand by to be spectators while these two come in and benefit from things right in our own backyard.”

Most Popular

Elections

Late Campaign Stops Don’t Seem to Do Much

Growing up in New Jersey, we called nights like tonight – where there were expectations for hooliganism -- vandalism, breaking windows, and perhaps even arson, “Mischief Night.” In Detroit, they called it “Devil’s Night.” In 2020, Americans just call it “Friday.” On the menu today: wondering ... Read More
Elections

Late Campaign Stops Don’t Seem to Do Much

Growing up in New Jersey, we called nights like tonight – where there were expectations for hooliganism -- vandalism, breaking windows, and perhaps even arson, “Mischief Night.” In Detroit, they called it “Devil’s Night.” In 2020, Americans just call it “Friday.” On the menu today: wondering ... Read More

Searching for a Sign

I’ve been waiting for almost six months to see a Biden-Harris yard sign in my neighborhood. Finally one -- just one -- appeared about two weeks ago. It is large and proud. The homeowners even equipped it with a spotlight, so that it is visible at night. I’m surprised, because liberal political yard signs ... Read More

Searching for a Sign

I’ve been waiting for almost six months to see a Biden-Harris yard sign in my neighborhood. Finally one -- just one -- appeared about two weeks ago. It is large and proud. The homeowners even equipped it with a spotlight, so that it is visible at night. I’m surprised, because liberal political yard signs ... Read More
White House

Hell, Yes

Editor’s Note: If you would like to read more pros and cons on voting for President Trump, further essays on the subject, each from a different perspective, can be found here, here, here, here, and here. These articles, and the one below, reflect the views of the individual authors, not of the National ... Read More
White House

Hell, Yes

Editor’s Note: If you would like to read more pros and cons on voting for President Trump, further essays on the subject, each from a different perspective, can be found here, here, here, here, and here. These articles, and the one below, reflect the views of the individual authors, not of the National ... Read More
Media

About That ‘Uncoverable’ Biden Story

Journalists claim they can’t cover the New York Post’s Hunter Biden email scoop because the underlying evidence has yet to been verified. Also, they won’t look for any verifying evidence because there isn’t enough evidence. It’s quite the conundrum. Because other than the now-corroborated emails, ... Read More
Media

About That ‘Uncoverable’ Biden Story

Journalists claim they can’t cover the New York Post’s Hunter Biden email scoop because the underlying evidence has yet to been verified. Also, they won’t look for any verifying evidence because there isn’t enough evidence. It’s quite the conundrum. Because other than the now-corroborated emails, ... Read More

Another Pollster Sees a Trump Win

The Trafalgar Group’s Robert Cahaly is an outlier among pollsters in that he thinks President Trump will carry Michigan, Pennsylvania, or both, and hence be reelected with roughly 280 electoral votes. (I explained his thinking here.) Last week another pollster, Jim Lee of Susquehanna Polling and Research, ... Read More

Another Pollster Sees a Trump Win

The Trafalgar Group’s Robert Cahaly is an outlier among pollsters in that he thinks President Trump will carry Michigan, Pennsylvania, or both, and hence be reelected with roughly 280 electoral votes. (I explained his thinking here.) Last week another pollster, Jim Lee of Susquehanna Polling and Research, ... Read More
Economics

Dire Rates: The Biden Tax Plan

Despite the whopping 33.1 percent increase in third-quarter GDP, the economy is on extremely thin ice. GDP is currently about 3.5 percent below where it started in January, a drop that, if it happened all of a sudden, would signal the terrifying start of a deep recession. To be sure, policymakers should be ... Read More
Economics

Dire Rates: The Biden Tax Plan

Despite the whopping 33.1 percent increase in third-quarter GDP, the economy is on extremely thin ice. GDP is currently about 3.5 percent below where it started in January, a drop that, if it happened all of a sudden, would signal the terrifying start of a deep recession. To be sure, policymakers should be ... Read More