Brazil’s proven oil reserves increase 11% in 2010 reaching 14.25 billion barrels

Friday, February 18th 2011 - 19:34 UTC

Full article 6 comments

Brazil’s proven oil reserves rose 10.65% in 2010 to nearly 14.25 billion barrels, the biggest annual increase in the past eight years, the ANP oil regulator announced this week. Total reserves, overwhelmingly offshore, which also include probable and possible reserves, soared 34.57% to 28.47 billion barrels. Read full article

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briton
All this oil , and the world about to go electric .
Feb 19th, 2011 - 12:43 am - Link - Report abuse 0
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Y Draig Goch
hmmm electric is a diversion...where does the electricity come from? fossil fuels....either we all go hydrogen energy or Fusion power gets sorted, or we'll rely on internal combustion engines for a long time yet
Feb 19th, 2011 - 02:48 am - Link - Report abuse 0
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Zethee
Till it runs out, then we're screwed.
Feb 19th, 2011 - 02:54 am - Link - Report abuse 0
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Y Draig Goch
well its almost impossible to run out of hydrogen, possibly why the oil companies hold many of the patents on renewable energy , so they keep thier profit margain.

But to extract hydrogen from water , its claimed as being too expensive to make wide scale...how can it more expensive than drilling 3 km into the earths crust for oil, then fractionating it into usable chemicals....its all stalling measures until they know they can control any mass used energy supply.
Feb 19th, 2011 - 03:05 am - Link - Report abuse 0
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briton
interesting to think that one day we will run out of oil.
so an alternative will have to be found, as long as its not argentinian, otherwise they will be on our backs all the way into space ?
its ours, we found it first, its mine ect ect ect lol
Feb 19th, 2011 - 11:47 pm - Link - Report abuse 0
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Y Draig Goch
Well they'll no doubt claim renewable energy is an argentinean territory, as wind blows past argentina since the british stole it in 1833!
Feb 20th, 2011 - 12:41 am - Link - Report abuse 0
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