[Marxism] Brazil, the New Oil Superpower

["Paula" <Paula_cerni@xxxxxxx>]

"Petrobras announced Nov. 8 it has found between 5 billion and 8 billion 
barrels of light oil and gas at the Tupi field, 155 miles offshore southern 
Brazil in an area it shares with Britain's BG Group and Portugal's Galp Energy. 
Tupi is the world's biggest oil find since a 12 billion-barrel Kazakh field was 
discovered in 2000, and the largest ever in deep waters. Perhaps more 
important, Petrobras believes Tupi may be Brazil's first of several new 
"elephants," an industry term for outsize fields of more than 1 billion 
barrels".

"Petrobras is already one of a handful of big oil companies, including Royal 
Dutch Shell (RDSB), BP (BP), Chevron, and ExxonMobil, with vast experience in 
deepwater drilling".

Full text at: 
http://www.businessweek.com/bwdaily/dnflash/content/nov2007/db20071115_045316.htm
________________________________________________
YOU MUST clip all extraneous text before replying to a message.
Send list submissions to: Marxism@xxxxxxxxxxxxxxxxxxx
Set your options at: http://lists.econ.utah.edu/mailman/listinfo/marxism