Hopes, Fears, Doubts Surround Cuba's Oil FutureOne 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 that Cuba can now get in on the action.
2nd Cuban Offshore Oil Well Also A BustCuba’s dreams of petroleum riches has been dealt a big blow as Cuba’s state oil company announced Monday a second deep-water exploratory well in the Gulf of Mexico is a bust.
Huge Oil Rig Ready To Drill Off CubaLess than two years after the BP oil spill left the Gulf coast reeling, a new semi-submersible oil rig is now stationed in the Florida Straits, less than 90 miles from the coast of Key West.
Oil Rig Heading To Florida StraitsLess than two years after the BP oil spill left the Gulf Coast reeling, a new semi-submersible oil rig is set to begin drilling in the Florida Straits around mid-December.

More From CBS Miami

Weather Forecast 24/7
Top Breakfast Sandwiches In South Florida

Listen Live