In three months deep water drilling is set to begin in Cuban waters in the Gulf of Mexico, but the US embargo on Cuba could spell catastrophe should a repeat of the Deepwater Horizon spill occur.
Three months of poking and prodding in the Gulf oil spill have recast how companies will respond to future deep-sea accidents. On Friday, a new containment cap appeared to be holding steady, with no signs of oil leaking.
The BP oil spill has begun to have international repercussions. Cuba is the country most likely to be the first non-US victim if the oil slick advances beyond Florida into the Caribbean.
Despite the Deepwater Horizon oil rig's state-of-the-art equipment, drilling in the deep blue is still a roughneck's job – a combustible mix of big machines and highly flammable materials.
Roughneck towns along the Gulf coast are waiting for news from the Deepwater Horizon oil rig explosion. Eleven people are missing, although one family received a happy call.
Major mishaps aboard oil rigs are rare. But accidents like the Transocean Deepwater Horizon oil rig explosion show the risks as companies explore farther and drill deeper.
Amid a bid for reelection, Venezuelan President Hugo Chávez's oil subsidy and antipoverty programs may be on the chopping block.
As its peers in the region see their oil production slipping Brazil's state-controlled oil company Petrobras is entering a new era as the region's silent giant.
If prices keep dropping, the next president may find it harder to ease the US off foreign oil.