Chevron

John Paul Rathbone

Chevron’s oil spill off the coast of Rio de Janeiro last week will have many repercussions. For the company – a $28m fine. For Brazil, perhaps, a re-consideration of the development of its massive deep-sea oil reserves. And, for Washington, a reminder of potential problems closer to home – in fact, less than 30 miles outside US waters, namely Cuba’s looming “oil crisis”