Brazil sets sights on increasing oil production

Oil & Gas Journal ^ | June 29, 2008 | Eric Watkins

[dougherty]

My God, what about the Brazilian environment! They'll destroy it with all that drilling.

[Realism]

The CEO of BP says there are 41 years of known at the present rate of production.

So is the intent to open up all these other areas for increased production or for easy access?

[thackney]

We already import more ethanol from Brazil than from anywhere else.

As for cheap, don’t count on it.

[PsyOp]

I thought we weren’t allowed to import Brazilian ethanol because it was sugar based. I thought there was a ban on that which is why we decided to turn our food into ethanol. Pretty sure I saw an article or two on that. Where am I wrong?

As for cheap... I should have included a sarcasm tag. ;-]

[thackney]

Yeah, I’ve seen that myth repeated by politicians and reporters.

Brazil has been the largest source of imported ethanol for years.

http://www.ethanolrfa.org/industry/statistics/#F

[headstamp 2]

It’ll take a long time to come on line. They really shouldn’t bother. It’ll be too tough to get at. They could have a spill. People will just use the oil.

[PsyOp]

thanks for the link and clarification.