Brazil: Strategic Planning for Pre-Salt | STRATFOR
Brazil’s legislature has approved measures that will give Petroleo Brasileiro (Petrobras) the resources to capitalize on a large pre-salt oil deposit off its Atlantic coastline. As it prepares to join the global league of major energy producers, Brasilia is also taking measures to give the state more direct access to revenues from the project, ensure Petrobras’ continued competitiveness, maintain diversity in Brazil’s economy and use the revenues from the oil project to alleviate the country’s socioeconomic differences....In addition to the roughly 2.1 million barrels of crude oil that Brazil pumps daily, the country is believed to have somewhere between 70 billion and 110 billion barrels of oil off its Atlantic coastline....
And we have hundreds of billions of barrels on our land and close to our shores and these idiots want us to drive less and buy hybrids. Now to add insult to injury, get this one:
Murphy Oil Corp. moving drilling rig to coast of Congo
Arkansas Democrat-Gazette
Facing uncertainty about the deepwater drilling outlook in the Gulf of Mexico, Murphy Oil Corp. is moving a rig to the coast of the Republic of Congo.
Murphy Oil and Diamond Offshore Drilling have agreed on a three-well commitment with the option for more.
The Ocean Confidence rig, which was being used to do exploratory drilling for Murphy-operated wells, left the Gulf over the weekend before the latest moratorium was issued by the U.S. Department of the Interior on Monday.
Get this....because of political instability in the United States, we'll go to the Congo!
What planet am I on?
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