Cuban Oil May Prove A Boon For U.S. Companies
This outcome is far from certain. With Saudi Arabia refusing to cut oil output, which would stabilize prices, and previous offshore efforts yielding unsuccessful results, many experts believe that most of Cuba's 124 million barrels will remain inaccessible. Brazilian, Malaysian and Spanish companies have failed to produce any major wells during exploration efforts in the last few years. Pavel Molchanov, an energy company analyst with Raymond James, told Politico that there is "not going to be a Cuban oil rush."
Sony is not giving up on The Interview quite yet. On Friday, the corporation said it was in the process of exploring alternative ways for releasing the comedy after a terrorist threat -- allegedly driven by North Korean hackers -- prompted the country's largest theater companies to cancel their scheduled Christmas Day openings. Sony insisted its decision to pull the movie from theaters was based solely on those owners choosing not to screen the film, and did not represent a cave-in to the extortionists' demands. "[We are] actively surveying alternatives to enable us to release the movie on a different platform," the company said. "It is still our hope that anyone who wants to see this movie will get the opportunity to do so."
The Prison Reform Blues
Chris Epps wanted to reform Mississippi's harsh, decrepit prison system. Now he's facing three centuries in the slammer.
Canadian energy delivery company Enbridge Inc. has temporarily shut down and isolated one of its crude oil pipelines that connects to the United States after a 1,350-barrel, or 56,700-gallon oil spill, the company reported Wednesday evening. read more
Electronic Frontier Foundation: The public got an early holiday gift today when a federal court agreed with us that six weeks of continually video recording the frontyard of someone's home without a search warrant violates the Fourth Amendment. In United States v. Vargas local police in rural Washington suspected Vargas of drug trafficking. In April 2013, police installed a camera on top of a utility pole overlooking his home. Even though police did not have a warrant, they nonetheless pointed the camera at his front door and driveway and began watching every day. read more