Brazil also has found a new offshore oil reserve.
Yes, and thats what we need to do. Sink oil wells and look at shale oil
By the way, this really does hurt chavez as America is one of the only places that can refine their crappy "heavy sulphourous crude" He cant sell to a lot of people. We are his best customer.
It will be intersting to see if Silva does buisness with us.
It would be a crack in chavez's vision for SA
Yes, Brazil road to energy indepences was primarily from producing its petroleum resources. A lesson we would do good to learn.
Unfair of you to bring up this fact, as Brazil is an heroic nation to the greenie-left, which wants ethanol fuel for everyone.
Truth of the matter,not that it matters, is that Brazil has been ramping up its own oil production quite steadily. God forbid they should clear some forest to increase cane production.