The Discerning Texan
-- Edmund Burke
Monday, June 16, 2008
Brazil finds even MORE Oil--and THEY Aren't Afraid to Drill
Read the whole thing--and weep.
Charles de Gaulle once wrote off the nation of Brazil in six words: "Brazil is not a serious country." How much time is left before someone says the same of the United States?
One thing Brazil and the U.S. have in common is the price of oil: It is priced in dollars, and everyone in the world now knows what the price is. Another commonality is that each country has vast oil reserves in waters off their coastlines.
Here we may draw a line in the waves between the serious and the unserious.
Brazil discovered only yesterday (November) that billions of barrels of oil sit in difficult water beneath a swath of the Santos Basin, 180 miles offshore from Rio de Janeiro and Sao Paulo. The U.S. has known for decades that at least 8.5 billion proven barrels of oil sit off its Pacific, Atlantic and Gulf coasts, with the Interior Department estimating 86 billion barrels of undiscovered oil resources.
When Brazil made this find last November, did its legislature announce that, for fear of oil spills hitting Rio's beaches or altering the climate, it would forgo exploiting these fields?
Of course it didn't. Guilherme Estrella, director of exploration and production for the Brazilian oil company Petrobras, said, "It's an extraordinary position for Brazil to be in." Indeed it is.
At this point in time, is there another country on the face of the earth that would possess the oil and gas reserves held by the United States and refuse to exploit them? Only technical incompetence, as in Mexico, would hold anyone back.But not us. We won't drill.
And keep in mind--the very people who are preventing you and us from enjoying the benefits that this resource will bring are hoping you will help them to consolidate their power over every other aspect of your lives this fall. Are you going to let them?
America has large reserves too--it just won't explore them. Let the Brazilians, Russians, Chinese, Iranians, Venezuelans, Saudis, Kuwaitis, Finns, etc., share the wealth of $140/barrel oil. We don't need all that money; we have snail darters, Caribou, and most of all our government looking out for us!