alt Hacker NewsThe fossil fuel industry has stolen the bulk of Cuba’s income. Need to switch to solar and batteries to onshore your energy production. China could help here and get a big diplomatic win if they were to give Cuba subsidized access to their clean energy assets.
Replies
onetokeoverthe • today at 12:29 AM
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pestatije • today at 1:06 AM
yeah where is China when you need them?... something doesn't add up here, worried about how orangetan might react?
No, the shitty regime has stolen, squandered, and prevented the vast majority of Cuba's (potential) income.
They've received free oil from Venezuela, Mexico, and Russia for decades. This whole crisis is because the country is horribly mismanaged and the free ride is over.
Most countries have to purchase their oil at market prices. Cuba has been spared that burden yet is still worse off than the average country.
IIRC both Russia and China have demanded economic reforms which are not forthcoming. The Chinese aren't stupid and they don't seem too interested in pissing their money away indefinitely on a 'partner' who ignores them.