Offshore Oil & Gas Resources in the U.S., Cuba & Israel

This book explores the prospects and processes of offshore oil and gas resources in the U.S., Cuba and Israel. Access to potential oil and gas resources under the U.S. Outer Continental Shelf continues to be controversial. The oil spill that occurred on April 20th, 2010, in the Gulf of Mexico brought increased attention to off-shore drilling risks. Cuba is moving toward development of its offshore oil resources. While the country has proven oil reserves of just 0.1 billion barrels, the U.S. Geological Survey estimates that offshore reserves in the North Cuba Basin could contain an additional 4.6 billion barrels of undiscovered technically recoverable crude oil. Israel has been dependent on energy imports since it became a nation in 1948, but recent offshore natural gas discoveries could change that and possibly make Israel an exporter of natural gas.