Foreign Policy Blogs

Oil risks and trade options

NASA satellite photo

OFAC authorizes more Cuban options

(UPI) The Office of Foreign Assets Control (OFAC) did not authorize a single new service to do business with Cuba in 2009, but in 2010 has already expanded the list of authorized U.S. travel and remittance services allowed to do business with Cuba by 42, according to the U.S. Treasury Department. This is being attributed partly to the Obama administration’s new policy stance toward the island and partly to a bureaucratic backlog of requests from U.S. businesses.

Washington, Havana talk about oil spill risk to Cuba

(Reuters) Per our recent post on the BP oil spill in the Gulf of Mexico and its catastrophic implications, Reuters and other sources reported yesterday that U.S. officials in Havana have engaged in “working level discussions” with the Cuban government, keeping them informed of developments and the slick’s projected movement, and discussing the potential risks faced by Cuba if the strong Loop Current carries some of the oil to the northwest shores of the island.

Fidel Castro, for his part, has denounced the oil spill and resulting ecological disaster as evidence that “the world’s capitalist governments are in thrall to large corporations.”

(Photo: NASA satellite image)

 

Author

Melissa Lockhart Fortner

Melissa Lockhart Fortner is Senior External Affairs Officer at the Pacific Council on International Policy in Los Angeles, having served previously as Senior Programs Officer for the Council. From 2007-2009, she held a research position at the University of Southern California (USC) School of International Relations, where she closely followed economic and political developments in Mexico and in Cuba, and analyzed broader Latin American trends. Her research considered the rise and relative successes of Latin American multinationals (multilatinas); economic, social and political changes in Central America since the civil wars in the region; and Wal-Mart’s role in Latin America, among other topics. Melissa is a graduate of Pomona College, and currently resides in Pasadena, California, with her husband, Jeff Fortner.

Follow her on Twitter @LockhartFortner.