 |
Latin America Pinglist. |
Posted on 11/08/2007 3:10:59 PM PST by knighthawk
Brasilia - A large new oil reserve has been found in Brazil. The exact size of the reserves is unknown, but Brasilia is optimistic. Minister for Energy Dilma Roussef believes they could make Brazil just as big an oil producer as Venezuela and some Arabic countries. One of the oil fields off the coast of Sao Paulo is thought to contain 8 billion barrels of oil.
Ping
|
Latin America Pinglist. |
|
Latin America Pinglist. |
Interestng that just as somebody declares the oil is running out, etc., somebody else pulls another couple of billion barrels out of a hat.
Brasil is currently left wing.
Seeing as how they have all that sugarcane ethanol, they can send the oil up to us.
The peak was a month ago.
So why doesn’t GWB just sign an exucutive order and start drilling ASAP? I can’t understand this. What is wrong with us?
....so much for “peak oil”......eh?
That is a enough oil to last the US an entire year!
Bush chooses not to because he's spineless and the Congressional Republicans can't find their own hind-legs for the demoncrat boots they continue to lick.
A billion here a billion there start to add up.
I believe there is more oil in the ground then has been pumped to date.
“Interestng that just as somebody declares the oil is running out,”
The only thing that is “running out” with respect to fossil fuels is the western worlds’ political class suicidal march to stop exploring for it, quit developing new technologies for assisting that exploration and quit developing new technologies for extracting it and extracting more of it in a given location.
And their own offering? “Renewable Energy” And what does it mean, generally speaking (because it does not mean nuclear). Generally speaking it means “bio” fuels.
So, everyone, please understand the insane reality.
Were it not for how we use it for energy, most “fossil fuels” and the largest quantity of fossil fuels would remain useless to us and be left underground where they are. But, we take these otherwise useless materials and we convert them to energy.
And “bio” fuels?
They all require basic and very finite assets that are both very precious and quite valuable to us - arable land and water especially - for many areas of life, basic areas of life (like food?).
What would be the result of a completely “bio” fuels world?
Everything not related to energy that requires land and water will become much more expensive (tell me what on your grocery shelf has not already demonstrated this since the “ethanol” legislation), raising the cost of living for everyone - gently at first and more rapidly as the legislation-dictated demand increases, and eventually hitting in increasing severity depending on how low someone’s income is - because it will affect everything and basics most of all.
The CO2 “greens” are not even good “socialists”, they are just plain, and dangerous, idiots.
I would think that there are numerous deposits that have not been extracted because the cost was greater than the value when oil was $15-25 per barrel. It would be interesting to know what is lying around the continental US that has not been drilled and how much per barrel it would cost... notwithstanding the insane 'greenies' who obstruct what they can obstruct for the sake of anarchy.
Are we still friends with Brazil? Or do we piss them off by trying to speak Spanish to them?
Just wait until the Sunnis’ in Iraq hit one of the largest oil fields in the ME...with the same grade of oil as Saudi Arabia....saddamn wouldn’t allow that area to be explored...today it’s in the process...
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.