Huge Oil Find In Brazil


	Huge Oil Find In Brazil

danny-esque

4-15-2008 4:20 AM

158 views

tags:

world oil, crude oil, brazilian oil, fossil fuels, environment

danny-esque says:

If it's as big as they say, this can be a huge setback for environmentalists and biofuel advocates.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/5043de40-44ed-4189-83eb-e179135559ee/72AB7098-94EA-45A6-9AA9-3B8ED5894B8E/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://news.yahoo.com/s/ap/20080415/ap_on_re_la_am_ca/brazil_oil" href="http://news.yahoo.com/s/ap/20080415/ap_on_re_la_am_ca/brazil_oil" style="font-size: 11px;">news.yahoo.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://news.yahoo.com/s/ap/20080415/ap_on_re_la_am_ca/brazil_oil"><P>
                        SAO PAULO, Brazil - A deep-water exploration area could contain as much as 33 billion barrels of oil, an amount that would nearly triple <SPAN id="lw_1208223435_0" class="yshortcuts">Brazil</SPAN>'s reserves and make the offshore bloc the world's third-largest known oil reserve, a top energy official said Monday.                        
                        </P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://news.yahoo.com/s/ap/20080415/ap_on_re_la_am_ca/brazil_oil">National Petroleum Agency President Haroldo Lima cautioned that his information on the field off the coast of <SPAN id="lw_1208223435_1" class="yshortcuts">Rio de Janeiro</SPAN> is unofficial and needs to be confirmed — but his comments sent shares of state-run oil company Petrobras soaring in <SPAN id="lw_1208223435_2" class="yshortcuts">New York</SPAN> and <SPAN id="lw_1208223435_3" class="yshortcuts">Sao Paulo</SPAN>.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://news.yahoo.com/s/ap/20080415/ap_on_re_la_am_ca/brazil_oil">Petrobras said in a statement that more studies are needed to determine the potential of what could be the planet's largest oil find in decades. Analysts said the magnitude of the find, if confirmed, could have far-reaching global energy ramifications.</blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/72AB7098-94EA-45A6-9AA9-3B8ED5894B8E/blog/" title="blog or email this clip"><img src="http://content9.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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