The Petrobras-led Libra consortium has said that the first extension well in the Libra area, known as 3-BRSA-1255-RJS (3-RJS-731), has proven the discovery of high-quality oil in the northwest portion of the structure. Read full article
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Oil means nothing unless you have a competent government to utilise the wealth.Oct 31st, 2014 - 07:00 am - Link - Report abuse 0
Just ask Venezuela.
Maybe time for Rio to think about going it alone. It already loses the largest amount of its contributions to the federal government.
@1 AnglotinoOct 31st, 2014 - 08:48 pm - Link - Report abuse 0
No chance of Rio, or even sao Paulo for that matter , going it alone. A couple of years back, more or less, the Federal government decided to change the rules whereby , to cut it short, the non-producing States would end up with more revenue than those in whose territorial waters the extraction occurs, and which have borne most of the costs to make it possible. This attempt by the Federal government to 'redistribute' the wealth, was seen as a form of deviating money to the States under the control of their cronies, i.e., the north and northeast, and faced very strong opposition from Rio and SP, but apparently to no avail. I am not 100% certain, but I don't think there's much chance of changing the status quo.
Brazil this is how you run an oil business:Oct 31st, 2014 - 09:33 pm - Link - Report abuse 0
@ Jack BostaOct 31st, 2014 - 10:24 pm - Link - Report abuse 0
You know nothing about Brazil !!
São Paulo and Rio de Janeiro are the States that has more benefits in Union.
It's the most industrialized and export their products to the other states. What does create jobs! Further, collect the tax on the consumption of other states through the application of ICMS.
We advocate that Congress make tax reform to correct this incongruity.
You give overwhelming evidence of his stupidity and little knowledge of the world around him.
I believe that you do not live in Brazil. I do not believe there is a person in my country as dumb as you!
I do not believe there is a person in my country as dumb as you!Oct 31st, 2014 - 11:42 pm - Link - Report abuse 0
I'm passing the hat around for a mirror.
You actually supported my argument. There would be no distribution if they were independent.
@ Canguru GayNov 01st, 2014 - 12:20 am - Link - Report abuse 0
Distribution of Oil? The oil that you see in Rio is 5% of the oil that exists in the North!
Name calling again.Nov 01st, 2014 - 01:11 am - Link - Report abuse 0
No Youtube clip to back up yet more claims of yours.
Well then, the North won't miss Rio if they leave and keep their oil for themselves.
Thanks for making my argument.
:)Nov 01st, 2014 - 01:30 pm - Link - Report abuse 0
If it's on utube.......it must be true......lol. Gotta love Brassie's support documents....utube.Nov 01st, 2014 - 01:36 pm - Link - Report abuse 0
I also noticed that Brassie's grammar dramatically improved since mentioning how poor it was in several other articles. Submariners have hot cots.......la campora have hot persona's.
@4 BrazzoNov 02nd, 2014 - 12:04 am - Link - Report abuse 0
Or should I say BBB ?? Brasileiro Big Bosta...or Brasileiro Big Bullshitter ..take your pick.
Not much point in talking to someone with an underdeveloped brain, but anyway, as to my living in Brazil, I couldn't care less what you believe ; as to the dumbest person in Brazil, that's a difficult one...after how many dumbasses, besides yourself, voted for Dilma Dumbo Ass ?
Brazil's corrupt party PT of Lula and Dilma will eat all the oil and Brazilians and more scandals will arise znd no one will care, they will still own the country and the wealth while the country becomes a new Vnezuela.Nov 02nd, 2014 - 03:36 am - Link - Report abuse 0
http://en.mercopress.com/2014/10/31/petrobras-consortium-find-high-quality-oil-at-the-libra-area-off-rio-do-janeiro#comment361965: So you want Brazil to emulate Exxon, a corporation which is heavily subsidized by the US tax payer, which has impoverished tens of thousands and which has caused some of the worst pollution in the US. Some how I don't think that this would be appropriate.Nov 03rd, 2014 - 03:09 am - Link - Report abuse 0
We subsidize lots of industry in the US via tax incentives.........like mortgage interest deductions for homeowners.Nov 03rd, 2014 - 10:24 am - Link - Report abuse 0
Oh yest.........2.90 a gallon for gas../.....and the lowest levels for heating oil. Now you people in Argentina want to give to handouts to people and have them forego work instead. Tell me about like in Argentina without soap and razors after P&G is gone.