Saturday, November 10, 2007


Brazil's Lula offers thumbs up to news of finding a monster oil field.

Brazilian President Luiz Inácio Lula da Silva gives two thumbs up to the announcement that the state oil company Petrobras has discovered a "monster" offshore oil field about 200 miles from Rio de Janeiro.

This may be very good news for the Amazon forest where there has been recent talk of new prospecting or building a pipeline from Venezuela to carry oil and gas to Brazil's fast developing and energy hungry south. Now industrial Brazil may be able to satisfy its needs (and have plenty left for export) from a nearby source.

And here is the rest of it.

No comments: