What do sugar and ethanol, golf course development, and deep-water oil exploration have in common?
They are all on the list of possible foreign investment projects in
Sugar projects are slow too. The reason may be that even though Cuban government policy is to encourage foreign investment generally, and not to exclude ethanol development, Fidel Castro has voiced reservations about using food crops to produce fuel. So I speculate that that is the reason for the slow going. At any rate, last week there was yet another statement, this one from the sugar minister, about
When it comes to offshore oil, it’s slow going too.