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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: LindyBill who wrote (227438)	11/9/2007 5:33:12 AM
From: FJB	Respond to of 793917

Brazil announces new oil reserves By Gary Duffy BBC News, Sao Paulo The Brazilian government says huge new oil reserves discovered off its coast could turn the country into one of the biggest oil producers in the world. Petrobras, Brazil's national oil company, says it believes the offshore Tupi field has between 5bn and 8bn barrels of recoverable light oil. A senior minister said Brazilian oil production had the potential to match that of Venezuela and Saudi Arabia. Petrobras delivered its estimate after analysing test results. The state-controlled company says the results show high productivity for gas and light oil - the best quality oil - which is more valuable and cheaper to refine. Petrobras says the find has the potential to move Brazil into a position where it is one of the top ten oil reserves in the world. The news, which led to a sharp rise in company shares, was also given an enthusiastic welcome by the government. The senior minister in charge of the cabinet, Dilma Rousseff, said if the deposits turned out to be as significant as first thought, it would place Brazil in the same league as Venezuela and countries in the Arab world. With a reserve like this, the country could be transformed into an exporter of petroleum, she said. Most of Brazil's oil is heavy and found at great depth but even so its reserves have almost doubled in the last ten years, as has output. Some analysts say this latest find raises the interesting scenario of offering a new source of supply to the United States, reducing its dependence on Venezuela, a country with which it has such a fraught relationship. With the Tupi field potentially equal to 40% of all oil ever discovered here, it seems by any standards a significant moment for Brazil. news.bbc.co.uk

To: LindyBill who wrote (227438)	11/9/2007 7:21:59 AM
From: John Carragher	Respond to of 793917

dup

To: LindyBill who wrote (227438)	11/9/2007 9:45:00 AM
From: unclewest	Read Replies (4) \| Respond to of 793917

Pure Americana, This man with autism, who was chosen to sing the National Anthem, got a case of the giggles half way through. It was disability awareness day. Listen to what the crowd does to support him. youtube.com