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To: carranza2 who wrote (124227)9/16/2009 1:37:57 AM
From: elmatador  Respond to of 206184
 
"it would be substantially more efficient to hire a drilling contractor such as Transocean to do the work, but this is a highly political thing whose goal is to employ as many Brazilians [and line as many politicos' pockets] as possible. The strategy is probably not a good one; time will tell."

No need for time to tell.

“We are in a fantastic moment,” Gabrielli, 59, said in an interview with Bloomberg Television yesterday in New York. Brazil has the world’s biggest potential reserves and the ability “to develop the whole supply chain to provide goods and services to the oil industry,” he said.

This will give you the state of the naval industry:
Message 25940107

Message 25939951

Brazil can cut nice deals with them. Get technology on the cheap.



To: carranza2 who wrote (124227)9/16/2009 2:14:27 AM
From: elmatador  Respond to of 206184
 
Why it makes sense to build the supply chain in Brazil. Oil producers had always been with their balls in the hands of the foreigners.

Iran, Iraq, Libya:

Demonize the government of the country:

Technical embargo.

Oil production grounds to halt.

We are the new breed. We are not going to make the mistakes the others did.