To: blam
More peak oil bullshit. Didn't Brazil just discover a huge new reservoir of oil offshore?
6 posted on
01/16/2010 8:39:58 AM PST by
Jagman
To: Jagman
"More peak oil bullshit. Didn't Brazil just discover a huge new reservoir of oil offshore? " I thought we did too...in 20 feet of water in the Gulf off the Louisiana coast. A big field, I thought.(?)
10 posted on
01/16/2010 8:45:41 AM PST by
blam
To: Jagman
Still an importer but they are close to being an exporter, but then again if they have any economic growth they won’t be exporting crude.
13 posted on
01/16/2010 8:48:36 AM PST by
junta
(S.C.U.M. = State Controlled Unreliable Media)
To: Jagman
This isn't quite the 'peak oil' argument. It's the 'peak cheap oil' argument. The oil find off Brazil is in deep water, and deep water rigs to drill and pump are not cheap.
19 posted on
01/16/2010 9:10:23 AM PST by
slowhandluke
(It's hard to be cynical enough in this age.)
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