Third largest Oil Field discovered in Brazil
This is a great injustice of nature. Here is a country which is a leader in using Ethanol. 80% of its fuel needs are met through Ethanol and only 20% through Carbon fuel. And what do you think they come up with?
The THIRD LARGEST oil field discovery!
The Carioca field in the Santos Basin off the coast of Sao Paulo state (with an estimated reserves of 33 billion barrels) may be the 3rd largest after Saudi Arabia’s Ghawar oil field and Kuwait’s Burgan field in size!
Of course, Ghawar is almost 70-80% depleted. What do you think is the next frontier for wars and destruction? Latin America! The next war between China and US will be fought over interests in Latin America! Venezuela, Cuba etc with China and Colombia et al with the US. It’s all about Oil, silly! So, while US is stuck in its own mess in Iraq and wanting to get into Iran now.. to accentuate their mess, China is making friends with everyone and his brother around the world.. specially the rogue guys in Latin America and Africa.
Hopefully, India will also awaken and fight it out with China in these waters. If the planet has to go down with everyone drying the heck out of its core.. then lets all die together! 🙂