KINGSTON, Jamaica (AP) – The turquoise waters that have long brought treasure seekers to the Caribbean now are drawing a new kind of explorer as countries across the region increasingly open their seas to oil exploration.
From the Bahamas and Cuba down to Aruba and Suriname, international oil companies are lining up to locate potentially rich offshore deposits in the Caribbean. The countries hope drilling could lead to a black-gold bonanza, easing demand for imported oil and diversifying their economies.
It's a longstanding dream for many. As the Dominican songwriter Juan Luis Guerra once sang, “If petroleum sprang from here, oh but there would be light and hope.”
