But this time, 60 years after the Cuban Missile Crisis, Cuba’s tough spot lies not in nuclear weapons, but rather its deepening energy crisis.Until the fall of the Soviet Union in 1991, the Soviets sold Cuba oil well below market price. Later, Cuba hatched a similar deal with socialist ally Venezuela at the height of its oil boom, sending Cuban medics in exchange for discounted petroleum.
Meanwhile, key power plants slowly decayed over years of deferred maintenance. The Cuban government struggled to bolster its own energy sector and harness the island’s potential for solar and wind energy.The lack of investment is something the Caribbean nation blames on American sanctions meant to cripple the nation’s economy.
Preexisting economic turmoil and blackouts came to a head this fall when Cuba’s power grid took a double hit. Increased sales to China, India and even Cuba have helped Russia ease the economic brunt of sanctions. It’s likely also helped Cuba stay afloat, explained Jorge Piñon, senior research fellow at the University of Texas at Austin’s Energy Center, which tracks the shipments.
Russia has offered sharp discounts to other nations, though it’s unclear how much Cubans are paying or how they are doing so in the midst of their economic crisis.
Good. Get rid of your failed government. So much potential! Beautiful land and people. Sad.
Ain’t communism great?