Large oil deposit found off Brazil coast

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Level -> Large oil deposit found off Brazil coast (12/2/2007 4:55:33 AM)
RIO DE JANEIRO, Brazil — This country, famed for its development of sugar-cane-produced ethanol, soon could become one of the world's great oil powers— if its state-controlled energy company, Petrobras , can tap a potentially massive deposit beneath the South Atlantic Ocean. Experts believe the deposit, in the Tupi field 180 miles off the southeastern Brazilian coast, holds up to 8 billion barrels of light oil and natural gas. If confirmed, the deposit would be the largest petroleum find in seven years and would propel Brazil to the No. 12 position in oil reserves, after the United States and ahead of Canada and Mexico . Analysts estimate that the deposit could be worth as much as $60 billion and predict that Brazil , which last year for the first time produced as much oil as it consumed, could become a major oil exporter. Yet the find will challenge Petrobras' reputation as one of the world's best at exploiting deep-sea oil deposits. About 70 percent of Petrobras' oil production comes from deep-water wells, making it the world's biggest oil producer at such depths. But the Tupi deposit is deeper than Petrobras has ever drilled— under 7,000 feet of ocean water and more than 16,000 feet of rock, sand and salt, including a 1.2-mile-thick layer of rock-hard salt. http://news.yahoo.com/s/mcclatchy/20071201/wl_mcclatchy/2767052

HaveRopeWillBind -> RE: Large oil deposit found off Brazil coast (12/2/2007 5:01:27 AM)
Isn't 180 miles offshore in International waters? Seems as though anyone with the drilling technology could tap that.

FullCircle -> RE: Large oil deposit found off Brazil coast (12/2/2007 5:04:55 AM)
That’s annoying. I was hoping the scarce supply would force manufacturers into developing cleaner greener options. It's a bit annoying if you are using oil as a hedge fund too you better sell up now. Sell Sell Sell! That’ll teach you Mr OPEC for being such a greedy bugger, ok they’ll join and in the end all will be the same. Is it just me that finds it suspicious that all these new reserves are stumbled upon at just the right moments in history? Edited for pluralism

FullCircle -> RE: Large oil deposit found off Brazil coast (12/2/2007 5:10:34 AM)
quote: ORIGINAL: HaveRopeWillBind Isn't 180 miles offshore in International waters? Seems as though anyone with the drilling technology could tap that. Hummm have you seen the way that tyrant Mr Beluga Whale has been oppressing all the other sea creatures? Someone should step in and put a stop to that I say! For too long the dolphins of that region have been treated like second class citizens with no right to schooling or the basic dolphin rights that we all enjoy. How can we all stand back and let it continue I’m outraged I tells you, outraged!

InkedMaster -> RE: Large oil deposit found off Brazil coast (12/2/2007 5:32:12 AM)
Or we could just use the resources Alaska has to offer that we already own, with very little impact on the enviroment and be done with importing oil. But that would make too much sense!

FullCircle -> RE: Large oil deposit found off Brazil coast (12/2/2007 5:40:51 AM)
The environmental impact comes later no matter what the source. Also consider that various clinical supplies that we all depend on are derived from oil. Not many people question where the surgical gloves and other polymer products are coming from when the oil runs out. Sure you can get some from rubber trees and recycling but you will have a significant short fall I suspect. I’ve always been of the opinion myself that if you can find a better fuel you should do so. This latest discovery isn’t going to help people see that we are only delaying the inevitable. Edited for Grandma

Level -> RE: Large oil deposit found off Brazil coast (12/2/2007 5:48:00 AM)
quote: ORIGINAL: InkedMaster Or we could just use the resources Alaska has to offer that we already own, with very little impact on the enviroment and be done with importing oil. But that would make too much sense! We don't have enough oil there to get off the world oil teat, do we?

Level -> RE: Large oil deposit found off Brazil coast (12/2/2007 5:49:00 AM)
quote: ORIGINAL: FullCircle The environmental impact comes later no matter what the source. Also consider that various clinical supplies that we all depend on are derived from oil. Not many people question where the surgical gloves and other polymer products are coming from when the oil runs out. Sure you can get some from rubber trees and recycling but you will have a significant short fall I suspect. I’ve always been of the opinion myself that if you can find a better fuel you should do so. This latest discovery isn’t going to help people see that we are only delaying the inevitable. Edited for Grandma Some good points, FC. And LOL for "edited for Grandma" [:D]

pahunkboy -> RE: Large oil deposit found off Brazil coast (12/2/2007 5:49:21 AM)
We own Brazil. [even if we dont we do] 200 miles out is int waters- it was expanded a number of years ago. Alaska oil? Well the governor wants to cancel leases that the oil company was just sitting on for 20 years. Alaska residednts get an annual dividend. He wants to rescind 2 leases. The people of Alaska would know best....

luckydog1 -> RE: Large oil deposit found off Brazil coast (12/2/2007 12:28:13 PM)
200 miles out is the exclusive economic zone of nations on coasts. Ships can pass by, but not fish or extract resources. The deposit belongs to Brazil. I suppose you could slant drill from 30 more miles out, but this deposit will be ground breaking in its depth already, and adding a slant to it would be very difficult.. Pahunk....Our goverenor is a Woman (Republican, smoking hot, most popular Govenor in America) and the leases under consideration for rescinding are for Natural Gas not oil, for the purposes of getting the leases to someone who wants to develop the Gas fields, not just sit on them.

FullCircle -> RE: Large oil deposit found off Brazil coast (12/2/2007 12:30:42 PM)
Slant drilling sounds like something else entirely.[:D]

MsBearlee -> RE: Large oil deposit found off Brazil coast (12/2/2007 12:41:27 PM)
Oil in Brazil, huh? I suppose that means we'll be suspecting WMDs there soon and have to go in and 'make the peace'...bombing and raising such havoc they'll need us to rebuild and for the favor, we'll just take oil; thank you very much. Gawd it's great to be Amerikan, B

luckydog1 -> RE: Large oil deposit found off Brazil coast (12/2/2007 12:48:56 PM)
MS bearlee, that is a very ignorant cartoon view of the world, but we expect no less from an "Amerikan". 30 seconds on google and you would know that Brazil is entering the nuclear club, in complete compliance with the IAEA, UN, and NPT.

MsBearlee -> RE: Large oil deposit found off Brazil coast (12/2/2007 12:50:22 PM)
quote: ORIGINAL: FullCircle That’s annoying. I was hoping the scarce supply would force manufacturers into developing cleaner greener options. It's a bit annoying if you are using oil as a hedge fund too you better sell up now. Sell Sell Sell! That’ll teach you Mr OPEC for being such a greedy bugger, ok they’ll join and in the end all will be the same. Is it just me that finds it suspicious that all these new reserves are stumbled upon at just the right moments in history? I wonder that too, FC. What the hell, lets suck it so dry the place collapses in on itself. Is the reasoning that we'll be gone before that happens anyway? <sigh> I'm happy to see some wind farms going in down this way...and a solarpanel manufacturer, as well. I put in solar at my cabin (which is off grid)...worked like a charm (though I really don't know what it takes to MAKE those things). Seems to me if we keep the wind farms away from the damn bird sanctuaries (go figure, somebody is actually trying to put a wind farm in where birds flock!), wind might be the way to go. B

MsBearlee -> RE: Large oil deposit found off Brazil coast (12/2/2007 12:57:22 PM)
quote: ORIGINAL: luckydog1 MS bearlee, that is a very ignorant cartoon view of the world, but we expect no less from an "Amerikan". 30 seconds on google and you would know that Brazil is entering the nuclear club, in complete compliance with the IAEA, UN, and NPT. And were you to comprehend what I wrote, you'd see my comments had nothing to say about what Brazil is doing or not...and everything to say about our illustrious leaders. Seems to me it is Amerika that holds itself above most others. We aren't a very 'compliant' sort of people now, are we? B

luckydog1 -> RE: Large oil deposit found off Brazil coast (12/2/2007 1:01:37 PM)
No, you are simply parroting a simple ignorant cartoon view, with out looking at reality. The way things are lining up in that region Brazil is with the US. Which you could learn in a few minutes of reading.

Sanity -> RE: Large oil deposit found off Brazil coast (12/2/2007 1:15:51 PM)
People are already rioting in different places around the world because the irresponsible biofuels craze has diverted so much cropland that the poor are beginning to go hungry as a result. Drilling for oil and building nuclear plants is the way to go, unless you want your Grandma to freeze due to natural gas and heating oil shortages. Cheap gas helps the poor more than anyone, and yet you fight against accessing it.

mnottertail -> RE: Large oil deposit found off Brazil coast (12/2/2007 1:19:55 PM)
While the biofuels is a poorly envisioned craze, I dont see anyone doing a guns for butter thing, or the opposite. Ron

MsBearlee -> RE: Large oil deposit found off Brazil coast (12/2/2007 1:36:48 PM)
Nope, wrong again, dog. You really need to spend more time trying to understand WHAT you are reading, rather than just criticizing others. Have you ever heard the term 'sarcasm'? Mine was sort of ironic, and aimed toward something else...not Brazil or its government. B

FullCircle -> RE: Large oil deposit found off Brazil coast (12/2/2007 1:38:07 PM)
quote: ORIGINAL: Sanity People are already rioting in different places around the world because the irresponsible biofuels craze has diverted so much cropland that the poor are beginning to go hungry as a result. Drilling for oil and building nuclear plants is the way to go, unless you want your Grandma to freeze due to natural gas and heating oil shortages. Cheap gas helps the poor more than anyone, and yet you fight against accessing it. I wasn’t really talking about bio fuel more about hydrogen, petrol/electric hybrid etc. It is also not just about the fuel but also the thing you drive to work, there is no sense in an SUV when you can drive something that burns less fuel and does the same job. It is just so hard to justify such waste and I don’t know why people are happy doing it. My grandparents don’t have to worry about freezing in winter because they are all dead.[:D] I’ll also be dead before any of this matters but I was thinking about what people will inherit, not myself.

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