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

[Mommy]

speaking as someone who has not 1 but 2 USELESS DEGREES (almost... in 3 weeks I will and I already know I passed all my classes), this thread is turning gay.

While I completely disagree with Cathryn as I believe she has her head in the clouds on this issue, Brandon's statements regarding her personal life are completely irrelevant and pointless to this thread as she never said that she needed the help. What I believe she is saying is that the oil companies and their moguls could lower gas prices if they simply cut into their billions of dollars in profits they are generating. Not only do they make more money than they can spend, but it would also benefit the American people.

Not saying I agree with her at all, but her personal life has zilch to do with this as she is seeking a solution to the entire problem.... not just her own pocketbook

[Dogmeat]

speaking as someone who has not 1 but 2 USELESS DEGREES (almost... in 3 weeks I will and I already know I passed all my classes), this thread is turning gay.

While I completely disagree with Cathryn as I believe she has her head in the clouds on this issue, Brandon's statements regarding her personal life are completely irrelevant and pointless to this thread as she never said that she needed the help. What I believe she is saying is that the oil companies and their moguls could lower gas prices if they simply cut into their billions of dollars in profits they are generating. Not only do they make more money than they can spend, but it would also benefit the American people.

Not saying I agree with her at all, but her personal life has zilch to do with this as she is seeking a solution to the entire problem.... not just her own pocketbook

Ok, first and foremost, ExxonMobil, Connoco, Chevron, are ****HUGE**** companies.

They are not mom-and pop oil companies.

The operations they have across the world, especially off-shore, are quite literally the terrestial version of the space program. They do not have the luxury of being government-funded. They have to develop this technology on their own.

The oil and gas industry is far and away the most competitive and progressive industry in the world. It has to be, since it's the industry ALL OTHER INDUSTRIES ARE BASED ON.

It has been proven time and time and time again by well-respected economists that they are NOT doing anything out of line. When you see these stupid ass senate hearings, it's a fucking political stunt. Pure and simple.

Also, for those of you clamoring on about how they just need to lower the price of gas, THEY ARE NOT THE ONES WHO SET THE PRICES.

Crude oil prices are based off the US dollar by global entities, not the fucking US oil companies. They're playing in the same field as Saudi Arabia, Iran, Russia, etc, who all effectivley have state-run oil companies.

Ever wonder why you don''t hear about the huge profits they make? Because their governments don't require them to have any kind of financial accountability because they own them.

With that said, the US oil companies can't simply just say "oh well america feels bad so we'll just fuck ourselves over in the global market place so a bunch of illiterate dipshits in the US can feel good and Barack Obama can get elected president!"

If you're wondering why the CEO's of those companies make so much it has a lot more to do with the fact that the directions they take their companies is successful, not counterproductive.

Personally I am absolutley amazed the big 5, especially Exxon, make as much money as they do considering how much more complete bullshit they have to put up with foreign operators don't.

I think it's seriously a tribute to good old-fasioned American work-ethic and enginuity, not the bullshit corrupt ceo crap all the fucking socialsts want you to believe.

But then again I don't have a psychology degree so I guess I don't understand technical things like this.