MIAMI — One of the most prolific oil and gas basins on the planet sits just off Cuba’s northwest coast, and the thaw in relations with the United States is giving rise to hopes Cuba can now get in on the action.
It’s a prospect welcomed by Cubans desperate for economic growth yet deeply concerning for environmentalists and the tourism industry in the region.
But a Cuban oil boom is unlikely anytime soon even if restrictions on U.S. businesses are relaxed because of low oil prices and far better drilling opportunities elsewhere.