More Good News for Brazil. And Obama.

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More Good News for Brazil. And Obama.

Rob Long · May 10, 2011 at 11:33pm

It seems that Brazil's offshore oil reserves are greater than anyone expected. From pennenergy.com:

Brazil had another reason to celebrate its May 1 national Labor Day bash. The new reason was the start-up of first oil at the mega Tupi field in the Santos basin. This first extended well test (EWT) of the subsalt formations began producing at a rate of 14,000 b/d of oil and should peak around 30,000 b/d, operator Petrobras says.
Petrobras has not reckoned the size of the BM-S-11 reserves beyond its initial estimates of 5-8 Bbbl of recoverable light oil. The amount, however, was considered staggering enough to inspire President Luiz Inacio Lula da Silva to declare that “God is Brazilian.”

God is Brazillian. But then, our president is a big fan of Brazil, too. Especially its offshore oil reserves. As he said a few months ago in Brazil:

...with a seven-year offshore drilling ban in effect off of both coasts, on Alaska's continental shelf and in much of the Gulf of Mexico — and a de facto moratorium covering the rest — Obama tells the Brazilians:
"We want to help you with the technology and support to develop these oil reserves safely. And when you're ready to start selling, we want to be one of your best customers."
Obama wants to develop Brazilian offshore oil to help the Brazilian economy create jobs for Brazilian workers while Americans are left unemployed in the face of skyrocketing energy prices by an administration that despises fossil fuels as a threat to the environment and wants to increase our dependency on foreign oil.

We have a lot of oil off our shores, too. The politically correct position goes something like this: sure, we've got huge reserves. But we have no idea if we have enough to make a difference.

But as the Brazillians have taught us, you don't know for sure until you drill. Meanwhile:

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show Dale in Annapolis's comment (#1) ←

Joined
Mar '11

Re: More Good News for Brazil. And Obama.

Dale in Annapolis

Icarus bicarus

Barack H Obama

plotting to fly us too

close to the Sun.

"Watch how we'll soar !", he jived

unicornisticly

"Feathers may fly but, hey,

I am the One!"

#1 ·
May 10, 2011 at 11:52pm ·
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show Kenneth's comment (#2) ←

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Re: More Good News for Brazil. And Obama.

Kenneth

There's a certain element of racism here. Let the little brown people of Brazil sully their sandy shores with oil, so the white folks in wealthy Florida and California enclaves won't be bothered by all that icky offshore drilling.

#2 ·
May 10, 2011 at 11:53pm ·
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show etoiledunord's comment (#3) ←

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Jun '10

Re: More Good News for Brazil. And Obama.

etoiledunord

Kenneth: There's a certain element of racism here. Let the little brown people of Brazil sully their sandy shores with oil, so the white folks in wealthy Florida and California enclaves won't be bothered by all that icky offshore drilling. · _{May 10 at 2:53pm}

In the real world, the cure for pollution is wealth. Wealthy countries don't foul their own nest, because, they can afford the latest technology to prevent it. So, Brazil is getting the cure for pollution, and we're busy pursuing the prerequisite for pollution--poverty.