Brazil possibly discovers huge oil reserve Options

[impala454]

http://www.chron.com/disp/story.mpl/front/5699072.html

SAO PAULO, Brazil — A deep-water exploration area off Brazil's coast could contain as much as 33 billion barrels of oil, the head of Brazil's National Petroleum Agency said today. That would make it the world's third-largest known oil reserve.

Haroldo Lima cautioned that his information on the field off the coast of Rio de Janeiro is unofficial and needs to be confirmed.

Geez... I sure wish we were allowed to drill in Alaska and find us a huge reserve. Oh well at least we're saving the bunny rabbits and moose population

[impala454]

You guys need to pull your heads out and realize that american oil companies do not set oil prices. remember back about 15 years ago when gas was like $0.80/gallon? that was back when we produced enough oil for ourselves, and even exported some. well now that we're not allowed to drill to feed the expanding need for oil, we have to import something like half of what we consume. importing = expensive.

so don't act like some dude at exxon just has a profit dial and an evil look on his face as he cranks it. it's muhammed abbabbabbajab towelhead over in saudi arabia with his 500 ft yacht and 400 bentleys that's making you pay more at the pump.

[Mommy]

You guys need to pull your heads out and realize that american oil companies do not set oil prices. remember back about 15 years ago when gas was like $0.80/gallon? that was back when we produced enough oil for ourselves, and even exported some. well now that we're not allowed to drill to feed the expanding need for oil, we have to import something like half of what we consume. importing = expensive.

so don't act like some dude at exxon just has a profit dial and an evil look on his face as he cranks it. it's muhammed abbabbabbajab towelhead over in saudi arabia with his 500 ft yacht and 400 bentleys that's making you pay more at the pump.

yes but if we drilled in Alaska, it wouldn't be mr habib towelhead setting oil prices now would it.