Oil industry threatens the 1.000 km long coral reef system where the Amazon meets the ocean

Monday, January 30th 2017 - 14:57 UTC

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The first pictures of a huge coral reef system discovered in the Amazon last year have been released by environmental campaigners. The Amazon Reef is a 9,500 sq km system of corals, sponges and rhodoliths, Greenpeace says. The reef is almost 1,000 km long, and is located where the Amazon River meets the Atlantic Ocean. Read full article

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1º: The Fossil Fuel Reserves [Pre-Sal] may be “HUGE” but it costs much more to access the reserves and that makes the crude oil extremely expensive than the average market price.
2º: The Global Trend is towards the FALLING oil price OR maintaining it low [below average].
3º: Countries such as the USA will soon be the LARGEST exporters of oil & gas [SHALE]; which cost well below the average prices.
4º: The “NEW”, Unconventional, Green, & Renewable fuels are gradually becoming more common, more abundant and are cheaper than the “normal” fuels.

The uses of such energies are gradually getting global acceptance, are recommended, favorable and more beneficial to the environment.

5º: IN SHORT; there is a diminishing demand for the “conventional” oil on one hand and on the other hand, the supply is constantly increasing - by many folds.

In spite of all the “negative aspects” which are mentioned above; IF AT ALL Brazil is “somehow” able to sell - GET RID OF - these assets [which in reality are the BIGGEST liabilities now]; it will NEVER be:
- At the right/fair price
- without some kind of a scandal involved!

Hence; Brazil’s Black-Gold “fortune” = The New-Found “riches” = FOOL’s Gold:

REF: http://brazzil.com/brazils-black-gold-fortune-was-nothing-but-fools-gold/
Feb 07th, 2017 - 05:59 pm - Link - Report abuse 0
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