And, yes, I DO take it personally: Brazil wants to join OPEC

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And, yes, I DO take it personally

Tuesday, May 13, 2008

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...

Labels: Brazil, Lula da Silva, oil, OPEC