| Subject: Re: Here's some info on what e10 is doing. |
Author:
Duncan7
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Date Posted: 09:11:28 11/15/07 Thu
In reply to:
larry
's message, "Re: Here's some info on what e10 is doing." on 14:54:09 11/14/07 Wed
That's a good thing. Doubt if that will translate back into $1.50 gasoline though. Wonder why that is?
>>It's not without its faults (what is?), but this is
>>all very easy to control. My point with subsidies on
>>ethanol production is, is that alot more good comes
>>out of it. Farmers are getting busy again, any relief
>>from the dependancy on foriegn oil (or any oil for
>>that matter) is a good thing and now that crude is
>>hitting $100 a barrel you guys are in for a rough time
>>soon. I'm certainly not saying ethanol is the end all
>>beat all solution to our energy problems, but it damn
>>sure isn't hurting and the sooner people realize we
>>need alot more diversity in our energy sources the
>>better off we'll be.
>>
>
>Brazil reports massive oil discovery
>Ultra-deep offshore find challenges 'peak' theorists
>pushing ethanol
>Brazil has announced the discovery of a huge offshore
>oil field that could contain between 5 to 8 billion
>barrels of oil, enough to expand the country's proven
>reserves by 40 to 50 percent.
>
>The "ultra-deep" Tupi field was found under 7,060 feet
>of water, another 10,000 feet of sand and rocks and a
>further 6,600 feet of salt – a total of 4.48 miles
>below the surface of the Atlantic Ocean.
>
>Sergio Gabrielli, the chief executive officer of the
>state-run oil firm Petroleo Brasileiro SA told
>Brazil's President Luiz Inacio Lula da Silva Monday
>that reserves in the pre-salt area off Brazil's coast
>are much larger than the Tupi field, possibly
>containing as much as 80 billion barrels in oil
>reserves.
>
>By specializing in advanced ultra-deep offshore oil
>exploration, Brazil has moved from being a country
>dependent on Ethanol for its gasoline consumption to
>becoming a net exporter of oil within less than a
>decade.
>
>Felipe Cunha, an oil analyst with the San Paulo-based
>brokerage Brascan told CNN, "If the best-case scenario
>happens, this discovery would make Petrobras' reserves
>overcome those of Shell and Chevron and put Petrobras
>behind only Exxon and British Petroleum."
>
>Brazil's offshore oil is being found in the Espirito
>Santo, Campos and Santos Basins some 50 miles into the
>Atlantic Ocean east of Rio de Janeiro.
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