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Non-Tech : The Brazil Board -- Ignore unavailable to you. Want to Upgrade?

To: elmatador who wrote (197)	4/1/2011 8:25:56 AM
From: Dale Baker	Read Replies (1) \| Respond to of 2504

OK, lay out a plan that increases US production by 150% citing specific fields and areas and expected production by a given time period. People love to throw around slogans, especially the WSJ, but let's see where we could get another 12.5m bbl/day in the next decade. Go for it.

To: elmatador who wrote (197)	4/1/2011 1:35:41 PM
From: Knighty Tin	Respond to of 2504

Did they have to pay market price for the oil they found? If not, why not? After all, the cos. that found the oil are supposedly private, so they didn't give it to the Brazilians for free. If they paid market price, what is the huge advanatage, other than some royalties charged by the nation? The US gives up most such royalties to the oil cos. in the form of tax scams and subsidies, so we would not have the same sort of benefit. Oil is a world market. If you don't find enough to put the supply at a much higher level than demand, then world market price is not much impacted.