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

To: TobagoJack who wrote (39056)	8/20/2008 6:19:20 AM
From: elmatador	Respond to of 217802

Plan to protect the oil -within the 200 miles of territorial sea- is on the way. "Brazil Congress May Back New Company for Pre-Salt". The government want to takeover whatever is there -existing contracts will be honoured- to avoid being private hands and suddenly guns boats appear to "protect" the interest of foreign partners of Petrobras. "Brazil Congress May Back New Company for Pre-Salt" By Katia Cortes and Carla Simoes Aug. 19 (Bloomberg) -- Brazil's congress would most likely approve a proposal to create a new state-owned company to manage exploration contracts for the country's pre-salt oil fields, Senate President Garibaldi Alves said. Brazil President Luiz Inacio Lula da Silva may send such a bill to congress this year, Alves said in an interview with Bloomberg Television in Brasilia. ``I believe in the passage,'' Alves said. ``We're ready to hold a deep discussion about it and put the bill to vote as quickly as possible.'' Creating the company would ensure government control over the pre-salt region, which may contain enough petroleum to triple Brazil's oil and gas reserves. The region may have 50 billion barrels of oil, according to Peter Wells, a director at U.K. research company Neftex Petroleum Consultants Ltd. Petroleo Brasileiro SA, the country's existing state- controlled oil company, is 60 percent owned by investors. It is already drilling in some parts of the pre-salt region. ``Petrobras is already involved in too many issues,'' Alves said. ``The new company will be able to focus on the country's development and invest in important areas such as education.'' The pre-salt oil, so called because it's buried beneath a layer of salt, is off Brazil's coast near Rio de Janeiro. The 5 billion- to 8 billion-barrel Tupi field, part of the region, is the largest oil field discovered in the Americas since 1976. Alves also said that senators may approve by September a plan for Venezuela to become a permanent member of the Mercosur trade bloc. To contact the reporter on this story: Katia Cortes in Brasilia at kcortes@bloomberg.net; Carla Simoes in Brasilia at csimoes1@bloomberg.net.

To: TobagoJack who wrote (39056)	8/20/2008 6:41:55 AM
From: elmatador	Read Replies (1) \| Respond to of 217802

Puppet gone le deluge? Typical! TJ countries need self determination and solve their problems without interference from outsiders. Pakistan has now a bright future as he people will look to central government as their government not as mandated from the outside. The opposite of that is the US introducing an exile -who's been decades outside the country- to run the country's affairs. That's what causes countries to fail. Germany and Japan were tow show cases where you bomb the guys to rubble and impose constitutions, new leadership and plans to grow again. These two countries cases can't be replicated elsewhere.