Oct-30th-2010
Brazil’s in the Money
Everyone knows that there is a lot of money in Oil, and now Brazil is set to reap the benefits of that. Brazil’s national petroleum agency has discovered an oil field just off the coast which they think could hold up to around eight million barrels.
If this is the case it will be the biggest find since the giant Cantarell field in Mexico, which was discovered back in 1976.
This discovery will put Brazil in the top ten of the world’s oil producers. The Brazilian president has stated that the revenues created from this will be put back into the country to improve technology and education and to eventually eradicate poverty.