But...but...but....PEAK OIL!!!1!!!
/sarc
"The discovery challenges "peak oil" theorists who contend the Earth's supply of oil is running out.
The geological description of the Campos Basin is consistent with the abiotic theory, that oil is formed inorganically, within the mantle of the earth, and seeps up into reservoirs formed in porous sedimentary rock deposits.
Brazil's huge offshore oil find also challenges U.S. advocates of ethanol.
Algore is greatly saddened.
One find doesn't negate the inevitability of peak oil.
Oil in the ground has no value whatsoever. Once it is produced then it has value. This is deep oil and will not be cheap oil. It would not impact peak oil by shifting the peak at all.