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Monday, May 30, 2011

Oil Updates: Cuba Discovery and Tax Cuts in Alaska

1. Could the 50-year United States embargo against Cuba finally be lifted after the discovery of an enormous oilfield in Cuban waters (20 billion barrels, with drilling to start within the next few months)? 

2. Alaska Governor Sean Parnell said he plans to continue to "vigorously pursue" tax-cuts for oil companies as a way to boost production in the state.  Hope Sen. Max Baucus is paying attention. 

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