Crude Oil Found Near Cuba

Spanish oil and gas company Repsol YPF  is currently facing a big risk, but it's a gamble a lot of American companies would gladly take. The firm is now drilling for oil off the coast of Cuba. Repsol is sinking $200,000 a day into the venture, which it launched in partnership with the Cuban government. A major find would be a big victory for cash-strapped Fidel Castro, which is perhaps precisely why U.S. companies are prohibited from exploring in Cuba. [more]