Brazil wants to join OPEC
spiegel interviews the brazilian president...
Luiz Inacio Lula da Silva: We discovered immense oil reserves 273 kilometers (170 miles) off the coast, at a depth of 2,140 meters (7,021 feet) and under a 5,000-meter (16,404-foot) layer of salt and rock. We have the know-how to exploit these reserves. We expect to start test-drilling in March and start producing oil in 2010. Then Brazil will become a major oil exporter. We want to join OPEC and try to make oil cheaper.
that will certainly put a new spin on the world oil markets... Submit To Propeller