Brazil Oil Finds May End Reliance on Middle East, Zeihan Says

Source: Bloomberg.com

Brazil's discoveries of what may be two of the world's three biggest oil finds in the past 30 years could help end the Western Hemisphere's reliance on Middle East crude, Strategic Forecasting Inc. said.

Saudi Arabia's influence as the biggest oil exporter would wane if the fields are as big as advertised, and China and India would become dominant buyers of Persian Gulf oil, said Peter Zeihan, vice president of analysis at Strategic Forecasting in Austin, Texas. Zeihan's firm, which consults for companies and governments around the world, was described in a 2001 Barron's article as ``the shadow CIA.''

Brazil may be pumping ``several million'' barrels of crude daily by 2020, vaulting the nation into the ranks of the world's seven biggest producers, Zeihan said in a telephone interview. The U.S. Navy's presence in the Persian Gulf and adjacent waters would be reduced, leaving the region exposed to more conflict, he said.

Read more: http://www.bloomberg.com/apps/news?pid=20601086&sid=aBUoYKhu7PWk

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I've said it before, and I'll say it again. NO MORE OIL. We've already done ENOUGH damage to our planet, why must we continue to find new sources of this scourge? We need to start moving AWAY from oil, not embracing yet more of it!

"Several million barrels a day . . . " is going to free the Western Hemisphere fromt he tyranny of ME oil, when the US right now consumes about 21 million barrels a day.

Yeppers, maybe - I repeat MAYBE - being able to replace about 10% of US consumption through Brazilian production = ending reliance on ME.

Bullshit. This is hot-stock bulletin email spam-level bullshit.

Brazil won't be held hostage to OPEC. I think thats what the article is reaching for.

They're the biggest single source of OPEC-sourced oil imports to the US, and the second-biggest source of US crude among all oil-producing nations.

1. Canada
2. Saudi Arabia
3. Mexico
4. Venezuela
5. Nigeria

Rankings as of January 2008

http://tonto.eia.doe.gov/dnav/pet/pet_move_impcus_a2_nus_ep00_im0_mbbl_m.htm

:rofl:

All your oil are belong to us.

It is in Portuguese, but the visuals are funny. It stars Rambo, Ahh-nold, Chuck Norris.
http://www.youtube.com/watch?v=JffmWtjxVq8:hi: :thumbsup: :applause:

Invasion immanent.

Good news for O Brasil!

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Brazil may be pumping ``several million'' barrels of crude daily by 2020, vaulting the nation into the ranks of the world's seven biggest producers, Zeihan said in a telephone interview. The U.S. Navy's presence in the Persian Gulf and adjacent waters would be reduced, leaving the region exposed to more conflict, he said.

``We could see that world becoming a very violent one,'' said Zeihan, former chief of Middle East and East Asia analysis for Strategic Forecasting. ``If the United States isn't getting any crude from the Gulf, what benefit does it have in policing the Gulf anymore? All of the geopolitical flux that wracks that region regularly suddenly isn't our problem.''
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Imagine, just imagine that this could be the catalyst which allows complete US withdrawal from the Middle East. The long term ramifications are absolutely mind blowing.

The fundies and Dominionists won't allow us to leave the Middle East completely.

Brazil Free Trade Treaty being drafted right now.

Isnt it true there is a BUNCH of Oil in the Northern United States? I believe North Dakota? Wasnt it found decades ago but they couldnt get to it because it was on a slant? Or something like that... I heard something about this on the radio about a month ago, but it was at 2am and I was half asleep..LOL

Lots of oil in Alaska but no production to obtain it -- to keep prices artificially high, and I don't mean ANWAR.