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Caribbean-Latin America
Brazil declines Opec invitation!
2008-09-06
Brazil has turned down an invitation to join the oil producers' cartel, Opec, according to the country's energy minister, Edison Lobao.
Posted by:3dc

#8  I think an oil price of $40-50 is desired. CTL should be cost $40-50/barrel to make, but the (already refined, clean) products will sell for more than crude oil.
Posted by: ed   2008-09-06 11:15  

#7  We need an oil import tariff to keep the price above $100 per barrel.
Posted by: Nimble Spemble   2008-09-06 10:58  

#6  How about dropping ethanol tariffs and importing some from Brazil and placing tariffs on OPEC oil.
Posted by: ed   2008-09-06 10:28  

#5  We need a petroleum buyers organization. It could be used to counter OPEC and stockpile vast amounts of reserves to be used when OPEC was out of line.
Posted by: bigjim-ky   2008-09-06 08:43  

#4  Brazil is pretty smart. As Iran has influence withing OPEC, Iran would then gain some amount of influence over Brazil's oil production if Brazil joined. Maybe Brazil could form a new organization ... NOPEC ... that includes the US, Canada, Mexico, Brazil, maybe Indonesia and China. That would be a hoot.
Posted by: Chaith Panda7870   2008-09-06 02:59  

#3  Sounds like Brasilia first wants to see what Oil-Gas is under Uncle Fidel-Raul's regional rocks.
Posted by: JosephMendiola   2008-09-06 01:01  

#2  Is it like riding a bicycle thar Sea?
Posted by: .5MT   2008-09-06 00:47  

#1  "Thanks, but we must reluctantly say "no" at this time. We like our beds to remain flea-free."
Posted by: Seafarious   2008-09-06 00:24  

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