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Brazil's Oil Wealth: Lula's "New Independence Day" Rally Goes Flat PDF Print E-mail
2009 - September 2009
Written by John Fitzpatrick   
Monday, 07 September 2009 00:39

Dilma Rousseff at Petrosal launchingOn the last day of August, President Luiz Inácio Lula da Silva took part in a long-awaited staged event in Brasília at which the government formally announced the new model for exploiting the so-called "pre-salt" layer of oil and gas off Brazil's coast.

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Comments (6)Add Comment
lula & PBO in same boat
written by Forrest Allen Brown, September 07, 2009
no one even congress is buying into the s**te they are shoveling to the people

lula with spred the money to the people but most to his bank .

PBO with his idea of take from the working people and giving to the so called entitled ones , and giving the rich Dems free will .

is not going over well in booth countries ,

now even the ones whom electid PBO are turning on him and he is looseing so called zars

yes its a wonderful life as long as the press is on your side !!!!!!

and yes Joao 153 days in brasil terms is like watching a rock grow
all soon lose intrest and turn away
Brazil's Oil Wealth ?
written by ch.c., September 07, 2009
Iran and Venezuela already have FAR FAR FAR MORE proven oil reserves...than your best FUTURE ESTIMATES !

Does that make these 2 countries WEALTHY ?

On top of that their population is a fraction of Brazil !
Thus on a per capita basis, your eventual BEST future reserves will be even LOWER !


In 3-5 years from now.....oil exporters are going to queue at the doors of developed nations and beg that they buy their oil....at whatever price !
That wont be good for Petrobras since the TUPI fields are going to be A VERY HIGH PRODUCTION COSTS !

But this said, I hope for You that you will produce 5-10 millions barrels per day in the not too distant future !
That would also be great for the developed nations because will such a production RAISE OR REDUCE the World Oil Price....in your view ?


And as to Robbing Hook statement "He claimed that the present system under which Petrobras ("our little darling") had to compete with other competitors, some of whom were, believe or not, "foreigners" was unfair. The only way to stop these nasty foreign capitalist exploiters was to give Petrobras unrestricted rights to the oil reserves."

That is typically populist...brazilian style...as usual !
Very similar to Chavez, Ecuador, Iran, Algeria, and ALL bananas republics
Because then the other way around would be just as fair "why do foreigners such as car makers provide jobs in Brazil by building their cars in such a filthy country, and not build the cars in their own country and then export them to Brazil?"

Same for tractors, trucks, harvesters...just to name a few !

But who is surprised of such a Robbing Hook statement.
Dont forget my mottos
- Brazilians always cheat, lie and hide
- Never ever trust a Brazilian

Proven...just once more....sadly !

C hC
written by Forrest Allen Brown, September 07, 2009
did you here that chaves is in iran talking up then to get the O peckers to up the price of oil as he has spent all his oil money and is broke >

way to go chaves . arabs are broke also or at leats down as countries have sorced oil from others then them as the last years oil jump left all countries with a bad taste in there mouths from arab oil .

yes brasil talkes up there oil and themselves shows a bit of insecurity on there part , they just love to see themselves as masters of all they dont understand
did you here that chaves is in iran talking up then to get the O peckers to up the price of oil as he has spent all his oil money and is broke >
written by ch.c., September 07, 2009
Yessssssssss---and the latest news as curious but true are......

VENEZUELA is going to sell 20'000 barrels per day of...GASOLINE !!!!

Sounds strange ?

Nooooo, not at all !

Iran imports 40 % of its transportation fuel.

2 years ago there already were some violent street demonstrations due to : SHORTAGE OF FUEL...IN IRAN !

And of course the Presidents of these countries are against Agricultural Subsidies from Developed Nations, but....but...but.....NORMAL in their filthy minds that they sell WELL BELOW PRODUCTION COSTS THEIR transportation fuel !
In Venezuela the price is about 17 U.S. cents...PER GALLON !
And in Iran just a little bit more expensive. Even more funny for Iran, because the gasoline/diesel they import (40 % of their consumption) is paid at MARKET PRICES...by defintion !
In India they sell some of their rice to the poors through government owned stores at 3 rupies per kilo.
And the exchange rate is about 48 Indian Rupies for ONE US$ !
Meaning with ONE US$ dollar one can buy 16 kilos of rice.
And then these filthy Indians also agree that developed nations agricultural subsidies ARE UNFAIR...BUT NOT THEIRS FAR MORE IMPORTANT !



Hi Hi !

As to Chavez trip, from what I hear it is not really on oil but on Natural Gas !
Just have a look at natural gas prices, US$ 2,70 per mmcf...COMING DOWN FROM US$ 15.- or so !
Better yet, since oil DOUBLED from its $ 32.- low earlier in 2009, natural gas prices went DOWN by 40 % !!!!!


I bet that Morales from Bolivia can no longer afford to buy kleenexes to dry his tears !

In my view, developed nations should sell their corn to their consumers at US$ 0,50 per bushel, wheat Us$ 1.- per bushel, and soyabeans at Us$ 1,50 per bushel ! OR LOWER !
And exports their surplus, if any, at free market prices just as Iran and Venezuela do for their transportation fuel and India for their rice !!

Hmmmmmm !

What a world of filthy people we have all around !

smilies/cheesy.gif smilies/wink.gif
oops correction on......VENEZUELA is going to sell 20'000 barrels per day of...GASOLINE !!!!
written by ch.c., September 07, 2009
TO IRAN...OF COURSE !

smilies/grin.gif
i thought chavez made the trip to hook up with oliver stones movie premeir about him...
written by asp, September 07, 2009
ha ha ha just kidding of course

what the godamn hell does that movie look like?

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