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Montevideo, September 25th 2018 - 17:39 UTC

Brazil's subsalt could hold enough petroleum to supply the world five years

Wednesday, August 12th 2015 - 08:06 UTC
Full article 21 comments

Brazil's Subsalt Polygon, the offshore area that has already yielded some of the world's largest recent oil finds, may hold enough undiscovered petroleum and gas to supply the world's current oil needs for more than five years, researchers said. Read full article

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  • Brasileiro

    Oil companies from the BRICS must have exclusivity in the exploration of Brazilian oil. Brazil should not accept the participation of any Western company, both in the exploitation of deposits as the supply of inputs.

    https://www.youtube.com/watch?v=7MlZfSBsgQM

    Aug 12th, 2015 - 10:50 am - Link - Report abuse 0
  • Skip

    Bad luck.

    The west is in there developing away as well.

    Next wet dream please Brasileiro.

    Aug 12th, 2015 - 12:50 pm - Link - Report abuse 0
  • ChrisR

    These figures 'might' be correct but as they have not been independently assessed or validated, who knows?

    It's like the old saying: 'if my aunt had balls she would have been my uncle' and just as nonsensical.

    Aug 12th, 2015 - 01:03 pm - Link - Report abuse 0
  • yankeeboy

    They're trying to make it seem like they have enough assets to pay their debt.

    There's lots and lots of “probable” oil around. Lots and lots.

    Aug 12th, 2015 - 01:47 pm - Link - Report abuse 0
  • Brasileiro

    We want to make it clear that even if the United States impose any fine on Petrobras, we will not pay. The United States may be the will to impose any economic sanctions because we will not pay anything.

    Aug 12th, 2015 - 02:03 pm - Link - Report abuse 0
  • yankeeboy

    5. Bahahaha, there's a darn good chance Lula and Dilma will have to stay out of the USA due to the coming fraud charges.

    Anyhoo, your economy is completely dependant on the USA. I am not sure why you don't understand that.

    Aug 12th, 2015 - 02:14 pm - Link - Report abuse 0
  • Brasileiro

    Or are you completely mad or a good comedian. Write this: Brazil and Argentina are the only two countries worldwide that do not need anything from the outside world.

    Aug 12th, 2015 - 02:37 pm - Link - Report abuse 0
  • yankeeboy

    7. Then why bother with trade at all?

    Imports

    Brazil was the United States' 16th largest supplier of goods imports in 2013.

    U.S. goods imports from Brazil totaled $27.6 billion in 2013, a 14.2% decrease ($4.6 billion) from 2012, but up 54% from 2003. U.S. imports from Brazil accounted for 1.2% of overall U.S. imports in 2013.

    The five largest import categories in 2013 were: Mineral Fuel and Oil (crude) ($5.8 billion), Iron and Steel ($3.0 billion), Special Other (returns and repairs) ($1.9 billion), Machinery ($1.9 billion), and Aircraft ($1.7 billion).

    U.S. imports of agricultural products from Brazil totaled $3.4 billion in 2013, the 6th largest supplier of ag imports. Leading categories include: coffee (unroasted) ($1.1 billion), tobacco ($391 million), fruit and vegetable juices ($304 million), and coarse grains ($296 million).

    U.S. imports of private commercial services* (i.e., excluding military and government) were $6.9 billion in 2012 (latest data available), 0.9% ($60 million) less than 2011 but up 305% from 2002 level. The other private services (business, professional, and technical services), royalties and license fees, and travel services categories led U.S. services imports from Brazil.

    Investment

    U.S. foreign direct investment (FDI) in Brazil (stock) was $79.4 billion in 2012 (latest data available), up 7.5% from 2011.

    U.S. direct investment in Brazil is led by the manufacturing and finance/insurance sectors.

    Brazil FDI in the United States (stock) was $3.6 billion in 2012 (latest data available), down 29.5% from 2011.

    Brazil’s reported direct investment in the U.S. is led by the wholesale trade sector.

    Sales of services in Brazil by majority U.S.-owned affiliates were $38.0 billion in 2011 (latest data available), while sales of services in the United States by majority Brazilian-owned firms were $1.5 billion.

    Without the USA your economy would collapse.

    Aug 12th, 2015 - 02:46 pm - Link - Report abuse 0
  • Tik Tok

    It worries me that statement Brasshole because your attitude as an indoctrinated socialist will see your country slide further away relative to others. Your population will be the poorer for it. For example do you not need to import anything, your manufacturing industry is withering? Unless you want to live in mud huts I think you will require trade.

    Aug 12th, 2015 - 02:48 pm - Link - Report abuse 0
  • Brasileiro

    @ 8
    Brazilian companies dominate the animal protein sector in US. The largest brewer in the United States belongs to Brazilian Ambev. Heinz, Swift, Sierra Nevada, Burger King are Brazilian companies.

    Even Refinery Brazil has in the United States. Moreover, we are the fourth largest individula creed of the United States.

    Little friend, I think you need us. However, the United States could disappear from the map and we would not feel its lack

    Aug 12th, 2015 - 03:04 pm - Link - Report abuse 0
  • yankeeboy

    10. Baahahahaha delusional nutbag

    Aug 12th, 2015 - 03:32 pm - Link - Report abuse 0
  • Alberto Bertorelli

    Caymans are most intelligent thing in Brasil, not Brasilians

    Got better teeth and more beautiful too.

    Aug 12th, 2015 - 04:58 pm - Link - Report abuse 0
  • Briton

    supply the whole world for five years,

    Argentina must surely have a claim here somewhere somehow,

    This is a far to good of and opportunity to let pass by.

    just a black thought.

    Aug 12th, 2015 - 05:25 pm - Link - Report abuse 0
  • Jack Bauer

    @5 brasshole
    Regarding yr “We want to make it clear that even if the United States impose any fine on Petrobras, we will not pay”............
    I want to make it clear that what you want, is totally irrelevant .

    @8 yb
    Interesting stats, but lost on the brasshole.

    @10 brasshole
    “Brazilian companies dominate the animal protein sector in the US”....
    Companies ? One company, Friboi.....and so ?? it just means that Friboi has a big market share in the US... Not to mention that this very likely only became possible, due to spurious loans to that company, negotiated by Lula with the BNDES on behalf of his genius son Lullinha, and is just another corruption scheme waiting to be investigated and made public.

    And re Ambev, so what if one of the main shareholders is a Brazilian - Jorge Lehman ? the company depends as much on its foreign markets as much as it does on the Brazilian market....so, what difference does it make who owns it ? or do you think that beer would dry up in the world if it didn't exist ?

    The Brazilian Refinery - at Pasadena, TX - is part of the ongoing corruption investigation in Petrobras.....nothing to be proud of.

    Aug 12th, 2015 - 08:30 pm - Link - Report abuse 0
  • Klingon

    Brasshole, put the crack pipe down for 5 mins.
    What a dimwit !
    These stats are as reliable as Indec's

    Aug 12th, 2015 - 09:31 pm - Link - Report abuse 0
  • yankeeboy

    Apparently a Brazilian and a Chinese national were discussing PBR bribes in NYC.
    Now this falls under USA law.

    Like a said before there's a very good chance Lula and Dilma will have to stay out of the USA jurisdiction or end up rotting in a USA jail cell.
    They may anyway..

    Aug 12th, 2015 - 09:38 pm - Link - Report abuse 0
  • Brasileiro

    Jack Bosta, someone from PT fuck you? Find a veterinary doctor before too late.

    Aug 12th, 2015 - 11:44 pm - Link - Report abuse 0
  • Jack Bauer

    @17 brASSHOLE
    No, but I think that you, as a baby, sucked on Lulla's knob instead of a pacifier.
    You don't like your lies being exposed, do you ?? Vá chupar uma pica, seu viado ...

    Aug 13th, 2015 - 06:03 pm - Link - Report abuse 0
  • El Diego

    still the same old tired negative loser rhetoric on here thats funny in a Jungian way as it really does express their own internal feelings about themselves and their own screwed up countries. Just last week we closed our first acquisition of a Brazilian oilfield service company and made huge bet on the future of Brazil. The more I read the negative claptrap on here the more I realize we are making a great investment at a great time just like we did in Argentina several years ago. Thank you Brazil

    Aug 14th, 2015 - 05:18 pm - Link - Report abuse 0
  • ChrisR

    @ 19

    Yes dear, of course you did!

    You haven't posted for a long, long while, pray tell: have you been locked up in the nuthouse with Stevie 'Breakdowns R Us' by any chance because you both spout similar crap and they have decided to let you out until your next delusional attack?

    Aug 14th, 2015 - 06:50 pm - Link - Report abuse 0
  • yankeeboy

    Well poor ol Diego often doesn't know if he's on a private jet going to Brazil or Argentina.

    Diego, That's pretty big news care to post the link? I can't seem to find it.
    Bahahahaha

    Aug 15th, 2015 - 11:22 am - Link - Report abuse 0

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