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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: energyplay who wrote (6217)	5/10/2006 1:35:18 PM
From: elmatador	Read Replies (1) \| Respond to of 218737

Effects of a free fall: I keep looking to pegged GCC OPEC countires, Saudi, Oman, UAE Qatar and Kuwait. They'd be imoporting in other currencies and selling their oil in depleted USD. This may push them to unpeg.

To: energyplay who wrote (6217)	5/10/2006 1:43:41 PM
From: elmatador	Respond to of 218737

Is Bolivia gas a real or fabricated problem? Could be a plot for Venezuela to grant a market for its gas: Venezuela, Brazil discuss gas project MAY. 9 4:25 P.M. ET Venezuelan Oil Minister Rafael Ramirez met with top Brazilian oil officials on Tuesday to discuss possible Brazilian participation in Venezuela's giant Mariscal Sucre natural gas project, among other plans. Ramirez was meeting with Brazilian Oil Minister Silas Rondeau and Petrobras President Sergio Gabrielli in the Venezuelan capital, Caracas. Officials declined to provide details on the talks but Ramirez told a news conference Monday that the discussions would touch on Brazilian participation the Mariscal Sucre project. "We're going to go over all projects that we have with Brazil and, in particular, its participation in Mariscal Sucre," Ramirez said. The Mariscal Sucre gas fields hold an estimated 10 trillion cubic feet of natural gas reserves. Venezuela has plans to eventually build a liquefied natural gas terminal to export the fuel to the U.S. market. Petrobras has been negotiating a stake in the project after Venezuela ejected Royal Dutch Shell PLC and Japan's Mitsubishi Corp. from the project last year. Petrobras has stakes in four oil fields and three natural gas fields in Venezuela and is also helping quantify heavy oil reserves in the Orinoco river basin. Venezuela and Brazil have also been discussing the possibility of a South American pipeline that would be supplied by Venezuelan and Bolivian natural gas reserves. Venezuela has the largest natural gas reserves in South America, followed by Bolivia.