Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: elmatador who wrote (99462)	4/20/2008 8:49:51 AM
From: profile_14	Read Replies (1) \| Respond to of 206223

But I tend to remember the most lucrative blocks being reserved for Petrobras and only a few of the less promising blocks being auctioned off years ago. I also remember Brazil trying to develop its own drilling industry in a bid to create domestic jobs, so in part, I am not sure how much US firms are ignoring Brazil when in essence they are offered "scraps" per se. The large finds are a recent phenomenon and it is kind of hard to turn rigs on a dime and have them in Brazil with contracts stretched out for years. That Barbosa comment appears to be self-serving by a Brazilian getting caught not fully prepared to extract oil soon enough. Just my take. Best regards,