There has been an interesting development in Cuba's development. Hitherto dependent on Venezuala for half of its oil consumption ( in return it provided Venezuala with doctors and sports instructors), Cuba has just discovered that it has 20bn barrels of oil. This puts it in the big-boy league. It will be interesting to see how America reacts to this news: it has been wanting to reduce its dependency on Middle East oil for sometime and may end its trade embargo.
The average wage for a Cuban is $20 per month. Go back, read the sentence again. Yes - per month. Will this bonanza raise living standards?
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