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China drills for oil off Florida coast

John McCain, Republican Presidential candidate, is making waves in the US political scene with his suggestion that the ban on offshore drilling for oil might need to be lifted. Barron's, however, notes rather ironically that in fact, drilling is already underway off the Florida coast. It points out that 'Cuba is allowing Chinese energy companies to drill for oil and gas in the Gulf, less than 90 miles (145km) from Florida'.

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Posted by Paul Hodges on June 22, 2008 8:55 AM |

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