$5 Gasoline and Cuban Oil in the Gulf

I can only imagine the public's reaction to $5.00 gasoline when the US has a moratorium on drilling off-shore and the Cubans are drilling in our backyard.

First, the Goldman Sachs story that we will see $5.00 gasoline this summer.

Even with pressure on gas prices easing en route to Memorial Day, Goldman Sachs predicts U.S. consumers could see $5 a gallon this summer.

Goldman estimates oil could reach $135 per barrel by mid-July, with accompanying gas prices hitting the $5-per-gallon mark, the New York Post reported Sunday.

Then, the Cuban story.

"... the discovery of up to 20 billion barrels of oil in the waters off of Cuba's coast, 100 kilometres from Florida..."