by Peter Zeihan on October 29, 2024

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Cuba’s power grid is collapsing. No, it’s not because of US sanctions or socialism. This ongoing crisis can be blamed on Cuba’s lack of investment into modernizing and its reliance on Soviet and Venezuelan fuel.

Cuba’s power system is powered by diesel generators – much of it deteriorated Soviet-era equipment, which has caused its grid to fail. This culminated in a blackout last week, which was exacerbated by hurricane Oscar making landfall. It’s unlikely that Cuba can get its grid back online all on its own.

So, Cuba finds itself at a crossroads. Without its typical allies able to help, the Cubans might be forced to turn to the US. Both Cuba and the US could benefit from a deal, but there’s a whole lot of pride to be swallowed and history to be forgotten before that happens…

Please click below to watch today’s video

YouTube Video Link: https://youtu.be/Amikw54-R4Q

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