Monday, December 03, 2007
Oil - It's out there
This looks like good news for down the road.
No pun intended...
No pun intended...
This is from Gary Duffy of BBC News:
"Brazil has developed expertise in deep-sea drilling in recent years 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."
