The Possibility Of Oil In Haiti Could Be Solution Or New Problem

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From EbonyJet.com:

There are two major concerns coming out of the situation in Haiti these days. One concern is that not enough is being done, or if it is being done than the job is much larger than anyone anticipated. Quietly, however, a new concern is emerging – that there may be other factors when it comes to Haiti, especially the ulterior motivating factor known as “Oil”.

Bloomberg News is reporting that there may indeed be oil offshore in Haiti, and natural gas reserves that could reshape the economic landscape of the island nation:

The Greater Antilles, which includes Cuba, Haiti, the Dominican Republic, Puerto Rico and their offshore waters, probably hold at least 142 million barrels of oil and 159 billion cubic feet of gas, according to a 2000 report by the U.S. Geological Survey. Undiscovered amounts may be as high as 941 million barrels of oil and 1.2 trillion cubic feet of gas, according to the report.

Click here to view photos:

Among nations in the northern Caribbean, Cuba and Jamaica have awarded offshore leases for oil and gas development. Trinidad and Tobago, South American islands off the coast of Venezuela, account for most Caribbean oil production, according to the U.S. Energy Department.

What this means is that a decade ago the United States Government, knew there was oil off of Haiti at a time when the Bush administration was choking the country’s foreign aid. Keep in mind we’re talking about the same Bush administration that went to war in Iraq for what many believe was to only to get at that country’s oil. It is the same administration that declared Venezuela’s Hugo Chavez public enemy number one, Venezuela being another oil rich nation.

What does this mean for Haiti’s reconstruction? That is the question being whispered inside the beltway by those who are concerned about Haiti’s survival.

Click here to read more.

RELATED:

Earthquake Accentuated Wealth Gap In Haiti

OPINION: Why Haiti Still Needs Our Attention

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