Article

2007-11-09 Science & Technology

Brazil announces new oil reserves - between 5bn and 8bn barrels of recoverable light oil.

Archived material is restricted to Rantburg regulars and members. If you need access email fred.pruitt=at=gmail.com with your nick to be added to the members list. There is no charge to join Rantburg as a member.

Posted by 3dc 2007-11-09 13:26|| || Front Page|| [8 views ] Top

#1 Brazil currently has proven oil reserves of 14 billion barrels, over half of which have been discovered in the past five years.

In between this one statement, and the fact that they "found" a 5-8 Billion barrel reserve yesterday puts lie to the theory that "we're running out of oil." We're not running out, it's just becoming more and more expensive to get it out of the ground. Off shore South American finds could go a long way toward stabilizing any hurricane effects we feel here domestically. Sure, Brazil is not real close to Chavez's "proven reserves" yet, but just stumbling upon over 14 BILLION barrels just in the last 5 years is fairly remarkable! We're just heading off-shore now, is all.

Posted by BA 2007-11-09 14:55|| 2007-11-09 14:55|| Front Page Top

#2 That's more light oil that 'ugos got for sure.

Posted by Thomas Woof 2007-11-09 15:11|| 2007-11-09 15:11|| Front Page Top

#3 REDDIT Science > Brazil's new discovery roughly equivalent to 100 day's US consumption???

Posted by JosephMendiola 2007-11-09 23:01|| 2007-11-09 23:01|| Front Page Top

23:17 Unutle McGurque8861
23:15 SteveS
23:07 JosephMendiola
23:02 Zenster
23:01 JosephMendiola
22:49 Zenster
22:47 trailing wife
22:44 newc
22:41 newc
22:41 trailing wife
22:41 Zenster
22:40 newc
22:38 Six Gun Neo-Con
22:37 newc
22:28 rjschwarz
22:22 mom
22:15 Beavis
22:12 Pappy
22:10 Sock Puppet of Doom
22:05 Pappy
22:04 JosephMendiola
22:03 Frank G
22:03 Sock Puppet of Doom
22:01 Frank G