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U.S. markets recover from steep losses
WASHINGTON, May 5 (UPI) -- Two U.S. lawmakers from Florida have filed legislation to stop Cuba from drilling for oil near the Florida Keys.
Rep. Ileana Ros-Lehtinen, R-Fla., and Sen. Bill Nelson, D-Fla., said their bills aim to deny visas to any employees of a company or entity that "contributes to the development of Cuba's oil-exploration program."
It would also impose sanctions on individuals or companies who invest $1 million or more to help Cuba develop its oil and natural gas resources, the Miami Herald reported Friday.
"My colleagues and I have been working tirelessly to prevent our own companies from ruining Florida's pristine beaches and delicate ecosystem by exploring and drilling for oil off our coast," Ros-Lehtinen said in a statement. "To now have this murderous and totalitarian regime say it wants to drill just 45 miles from Key West is beyond the pale and totally unacceptable."
Lacking the technology for offshore drilling, the Cuban government has entered into agreements with several companies in foreign countries, including Spain, China and Canada.
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AMMAN, Jordan, May 23 (UPI) --
Jordan, traditionally energy-barren, sits on shale oil deposits that are reported to be the equivalent of 50 billion barrels of oil.
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MELBOURNE, Fla., May 23 (UPI) --
Northrop Grumman says its Military Airworthiness Certification is closer for its re-engined EC-8 Joint Surveillance Target Attack Radar System aircraft.
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The housing inventory rose slightly in April, which is unusual in the middle of the spring sales season. The uptick may be the result of rising seller confidence and it should ease concerns that the super tight inventory levels of the last six months...
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What if Europe turned out to be the new Japan?
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