[RandallFlagg]

The 'rats sure aren't going to help.

[scooby321]

SAO PAULO, Brazil — A deep-water exploration area could contain as much as 33 billion barrels of oil, an amount that would nearly triple Brazil’s reserves and make the offshore bloc the world’s third-largest known oil reserve, a top energy official said Monday.

National Petroleum Agency President Haroldo Lima cautioned that his information on the field off the coast of Rio de Janeiro is unofficial and needs to be confirmed - but his comments sent shares of state-run oil company Petrobras soaring in New York and Sao Paulo.

Petrobras said in a statement that more studies are needed to determine the potential of what could be the planet’s largest oil find in decades. Analysts said the magnitude of the find, if confirmed, could have far-reaching global energy ramifications. Exploration is what we need.

[FreedomPoster]

The section about “large percentage used for generating electricity” just isn’t so. The rest of that looks pretty good.

[painter]

Where did you find that?

[thackney]

Large part of oil goes to generating electricity?

Wrong.

U.S. Electric Power Industry Net Generation, 2006

And much of the petroleum that is used is residual oil and petroleum coke. Lower value refinery "leftovers" after the lighter products like gasoline and diesel have been removed.

[jpsb]

To be fair, oil prices are really pretty much flat, it is the falling dollar that is responsible for a lot of the increase. And you can blame the fall of the dollar on GOP and Rat administrations insane pursuit of so called “free trade”. So called “free trade” (we open our market, they keep thier market closed) has this nation sending a net trillion dollars a year over seas to our “trading partners”. Everyone knew the nation could not afford a trillion dollar a year trade deficit. But neither R's nor D's did anything about it, quite the opposite in fact. So now the dollar crashes, next the economy crashes and after that a nice global limited nuclear war. Thanks a lot globalists, for the "benefits" of so called "free trade".

[Recovering_Democrat]

bttt