The Good (and Gullible) Bob Graham

Wednesday, January 22, 2014
Former Florida Governor and U.S. Senator Bob Graham (D) is a good man.

But good men can be gullible -- and sometimes, very gullible.

As we noted last week, Graham recently visited Cuba with Castro regime admirer Julia Sweig, pursuant to his concerns about Cuba's off-shore drilling projects.

Problem is Cuba's decade-long, off-shore, oil pipe-dream came to an end last year.

Not so, says Graham.  

The Cubans are still pursuing more off-shore drilling.

Never mind that it's commercially and logistically implausible.

So how can Graham be so sure?

Well, because the Cubans told him so.

According to Graham, the Castro regime told him that they were planning future off-shore drilling endeavors with Brazilian and Angolan companies.

That makes perfect (non)sense.

In 2011, Brazil's Petrobras was the first foreign company to publicly abandon Cuba's off-shore oil pipe-dream due to "poor prospects" and it being commercially inviable.

What has changed since then?

Nothing. Other than the "poor prospects" being poorer now, and Petrobras being even more troubled and debt-laden.

Meanwhile, Angola's Sonangol literally can't keep up with drilling for the vast proven resources off its own coasts.

So they are going to sacrifice proven production in its own backyard to pursue Castro's far-away, complex and expensive pipe-dream?

Give me a break.

Note to Graham: In 2006 and 2008, then Vice-President Dick Cheney and other GOP leaders looked foolish after arguing that the Chinese were drilling in Cuban waters 50 miles off Florida's coasts. After all, this had been reported in the media based on statements by the Castro regime.  It was untrue.

Don't fall into the same trap.