Oil and the Embargo

Can oil do what nine presidents haven't--end the embargo on Cuba? The AP:

[R]ecent, sizable discoveries of it in the North Cuba Basin - deep-water fields that have already drawn the interest of companies from China, India, Norway, Spain, Canada, Venezuela and Brazil.

This, in turn, has reheated debate in the U.S. Congress and the Cuban-American community on an old question:

Has the time finally come to shelve the embargo - given America's need for more sources of crude at a time of rising gas prices, soaring global demand and the outbreak of war in the Middle East?

Also: The Chicago Tribune on peak oil.