Brazil will pwn Chavez

[Der-Lowe]

Oil discovery rocks Brazil

RIO DE JANEIRO, Brazil (AP) -- A huge offshore oil discovery could raise Brazil's petroleum reserves by a whopping 40 percent and boost this country into the ranks of the world's major exporters, officials said.

"Brazil's reserves will lie somewhere between those of Nigeria and those of Venezuela," Gabrielli said at a news conference.

"If the best-case scenario happens, this discovery would make Petrobras' reserves overcome those of Shell and Chevron and put Petrobras behind only Exxon and British Petroleum," Cunha said.

full text

Basically, after years of focusing on the development of its Oil company, Brazil has found a massive offshore oil reserve.
How will this affect the influence of Venezuela in the region? Has the US found a new (and more reliable) oil provider?

Discuz, plz

[Elfer]

Well, there's a lot of money to be made here, which means there goes the socialism.

[Empanado]

Well, it worries me that now they might drop their efforts on what they've been doing regarding ethanol combustibles, I mean, why spend a lot of money in order to get a lot of money when you can simply, you know, just get a lot of money right away?

Other than that, yeah, I guess that as far as South American rulers go, a pretty cool dude with an incredibly stupid nickname who happens to have a shitload of oil seems like a better idea than a rather deranged guy with a Perón complex who happens to have a shitload of oil.

They both have a shitload of oil now, though. Lula might be tempted to cut himself a sligthly bigger slice of the petro-dollars cake, but I don't foresee any serious shit going on in Brazil because of this. The problems that Brazil faces today are these:
- Favelas
- Things located within the boundaries of favelas
- The fact that other than things, there's also people located within the boundaries of favelas

Other than that, they've got a relatively functional democracy (minus the gentle sprinkles of tropical coruption) and for the most part they don't try any funny business. Lula will probably take a path slightly similar to Chávez and spend part of the oil money on social programmes, but since he's not insane those things could actually work.

I mean, meh, they'll probably blow it all off on a couple of gold-plated soccer stadiums and a full equipment of bling-bling soccer uniforms.

[Der-Lowe]

At 12/14/07 06:42 PM, Elfer wrote: Well, there's a lot of money to be made here, which means there goes the socialism.

What do you mean by this?

At 12/14/07 07:39 PM, Empanado wrote: Well, it worries me that now they might drop their efforts on what they've been doing regarding ethanol combustibles, I mean, why spend a lot of money in order to get a lot of money when you can simply, you know, just get a lot of money right away?

I don't think they'll drop their efforts on ethanol, maybe lower them a little bit, especially with the barrel around 100 dollars.

They both have a shitload of oil now, though. Lula might be tempted to cut himself a sligthly bigger slice of the petro-dollars cake, but I don't foresee any serious shit going on in Brazil because of this.

I'm not so sure, Lula has proved to be quite a conservative, despite coming from the "Worker's party". Hell, his Economy Minister was from the IMF.

The problems that Brazil faces today are these:

- Favelas
- Things located within the boundaries of favelas
- The fact that other than things, there's also people located within the boundaries of favelas

I'd say poverty and marginalization, not all the poor people live in favelas, take a tour to the North of Brazil and you'll see.

Other than that, they've got a relatively functional democracy (minus the gentle sprinkles of tropical coruption) and for the most part they don't try any funny business.

I call them America's bitches. Big fat bitches.

Lula will probably take a path slightly similar to Chávez and spend part of the oil money on social programmes, but since he's not insane those things could actually work.

I don't know whether he can do that (easily) given that Petrobras is a mixed company; although I do hear many employees there are just chosen because they're "friends" of the government.
It's not YPF, but still.

I mean, meh, they'll probably blow it all off on a couple of gold-plated soccer stadiums and a full equipment of bling-bling soccer uniforms.

OR a dental plan for Ronaldinho, but I don't know if oil is profitable enough for that.
Don't forget that it's Brazil 2014

[Elfer]

At 12/14/07 09:57 PM, Der-Lowe wrote:

At 12/14/07 06:42 PM, Elfer wrote: Well, there's a lot of money to be made here, which means there goes the socialism.

What do you mean by this?

Well, Chavez is supposed to be a socialist, but with a bunch of oil money up for grabs, either he runs away with vast riches or he gets deposed and somebody else does.

[Der-Lowe]

At 12/14/07 10:16 PM, Elfer wrote: Well, Chavez is supposed to be a socialist, but with a bunch of oil money up for grabs, either he runs away with vast riches or he gets deposed and somebody else does.

But he uses all the money he earns through PDVSA to buy votes, I mean, distribute wealth better in Venezuela, and fight poverty, which is a quite commie thing to do.

[Kenzu]

At 12/14/07 10:19 PM, Der-Lowe wrote:

At 12/14/07 10:16 PM, Elfer wrote: Well, Chavez is supposed to be a socialist, but with a bunch of oil money up for grabs, either he runs away with vast riches or he gets deposed and somebody else does.

But he uses all the money he earns through PDVSA to buy votes, I mean, distribute wealth better in Venezuela, and fight poverty, which is a quite commie thing to do.

True that! I hope Chavez will continue to "buy votes", by distributing Venezuelas Oil money to it's citizens!

[cellardoor6]

What you left out of the discussion is the fact that the reserves are in deep water, and deep under the sea floor. Nobody currently has the equipment to extract it yet, or the technology.

There's no way it's going to become as productive (or lucrative) as Venezuela's petroleum industry any time soon.

Although... I would definitely like for this to be true. Replacing Venezuela with Brazil as our South American oil provider would be excellent.

Chavez wouldn't have any leverage anymore. He'd be one less bad actor to worry about, oil prices wouldn't go up the next time he started talking shit about the US.

[Der-Lowe]

At 12/15/07 07:22 AM, cellardoor6 wrote: What you left out of the discussion is the fact that the reserves are in deep water, and deep under the sea floor.

I said it was offshore...

Nobody currently has the equipment to extract it yet, or the technology.

The article says it's a challenge, but Petrobras is experienced enough in that area; most of Brazil's oil is under the sea.

There's no way it's going to become as productive (or lucrative) as Venezuela's petroleum industry any time soon.

Although... I would definitely like for this to be true. Replacing Venezuela with Brazil as our South American oil provider would be excellent.

Chavez wouldn't have any leverage anymore. He'd be one less bad actor to worry about, oil prices wouldn't go up the next time he started talking shit about the US.

The oil prices will grow anyway, supply hasn't been able to keep up with demand, and there are no signs of a change in that in the near (or distant) future.

[animehater]

Speaking of pwning Chavez, how good of a hand to hand fighter is he? Just a thought on whether or not I might be able to beat him in a fight.

[Empanado]

At 12/15/07 06:36 PM, animehater wrote: Speaking of pwning Chavez, how good of a hand to hand fighter is he? Just a thought on whether or not I might be able to beat him in a fight.

Well he's pretty hefty and he had extensive military training, so I'd say don't press your luck.

[SmilezRoyale]

At 12/15/07 07:14 AM, Kenzu wrote:

At 12/14/07 10:19 PM, Der-Lowe wrote:

At 12/14/07 10:16 PM, Elfer wrote: Well, Chavez is supposed to be a socialist, but with a bunch of oil money up for grabs, either he runs away with vast riches or he gets deposed and somebody else does.

But he uses all the money he earns through PDVSA to buy votes, I mean, distribute wealth better in Venezuela, and fight poverty, which is a quite commie thing to do.

True that! I hope Chavez will continue to "buy votes", by distributing Venezuelas Oil money to it's citizens!

If your being sarcastic... it's not uncommon to do good deeds for the sake of winning votes, do you recall the cliche' scenes of kissing babies and cutting ribbons prior to an election.

of course, i can agree with you that the idea of buying votes is king of silly, since hugo doesn't plan on being elected if he thinks there's a chance that somone else could upsurp his authority.

[Tony-DarkGrave]

At 12/15/07 09:08 PM, SmilezRoyale wrote:

At 12/15/07 07:14 AM, Kenzu wrote:

At 12/14/07 10:19 PM, Der-Lowe wrote:

At 12/14/07 10:16 PM, Elfer wrote: Well, Chavez is supposed to be a socialist, but with a bunch of oil money up for grabs, either he runs away with vast riches or he gets deposed and somebody else does.

no hes socialist scum

[Der-Lowe]

At 12/15/07 10:18 PM, Dante-Son-Of-Sparda wrote: no hes socialist scum

And ur all liek kapitallistic pigs.

[RommelTJ]

I didn't read this on Today's BBC World Podcast. How old is this?

[SmilezRoyale]

At 12/15/07 10:41 PM, RommelTJ wrote: I didn't read this on Today's BBC World Podcast. How old is this?

I was wondering the same thing... no dates were given... it's probably 4< months ago.

[cellardoor6]

At 12/15/07 02:57 PM, Der-Lowe wrote:

At 12/15/07 07:22 AM, cellardoor6 wrote: What you left out of the discussion is the fact that the reserves are in deep water, and deep under the sea floor.

I said it was offshore...

Yeah, and most offshore is easy.

The potential reserves in Brazilian waters they are talking about is deep under the ocean floor. That is what is making it difficult, not simply being offshore.

Nobody currently has the equipment to extract it yet, or the technology.

The article says it's a challenge, but Petrobras is experienced enough in that area; most of Brazil's oil is under the sea.

Um, nobody in the world is experienced with such a difficult extraction situation. Deep water, AND deep earth. The technology and equipment doesn't exist yet to make it feasible, it's going to require a lot of investment.

And it's not going to be as cost effective, productive, or lucrative in the long run given the higher cost and difficulty in getting the oil compared to other offshore projects or land-based projects.

So Brazil isn't going to be able to usurp Venezuela or even provide significant competition for a long time.

The oil prices will grow anyway, supply hasn't been able to keep up with demand

That's actually not true.

If you pay attention, most of the spikes in oil price are due to speculation and the risk of supplies being cut off. The prospect of low supply is what made oil prices go up so high. The industrialization of developing countries is actually not the main drive behind it, it's only really adding to market speculation.

And that's in addition to the decline of the US dollar, which oil is traded in.

and there are no signs of a change in that in the near (or distant) future.

Doesn't change the fact that Venezuela has more oil that is easier to extract, regardless of the price of oil.

[Der-Lowe]

At 12/16/07 02:26 AM, cellardoor6 wrote: Um, nobody in the world is experienced with such a difficult extraction situation. Deep water, AND deep earth. The technology and equipment doesn't exist yet to make it feasible, it's going to require a lot of investment.

And it's not going to be as cost effective, productive, or lucrative in the long run given the higher cost and difficulty in getting the oil compared to other offshore projects or land-based projects.

So Brazil isn't going to be able to usurp Venezuela or even provide significant competition for a long time.

But what if you take other factors into account, like Venezuela using its oil profits to finance the growing expenditure of the executive branch, instead of reinvesting them, how all the foreign capitals got scared with all the "I'm a nationalize you all, mwhahahaha" and or the fact that the price of the gallon in venezuela is 17 cents?
Wouldn't all that factors make the growth of Venezuelan worse, indirectly benefiting Brazil?

The oil prices will grow anyway, supply hasn't been able to keep up with demand

That's actually not true.

If you pay attention, most of the spikes in oil price are due to speculation and the risk of supplies being cut off. The prospect of low supply is what made oil prices go up so high. The industrialization of developing countries is actually not the main drive behind it, it's only really adding to market speculation.

And that's in addition to the decline of the US dollar, which oil is traded in.

Still, the price of the barrel keeps growing in the long run, and well above inflation; from 1 dollar before the crisis in the 70s to around 100 dollars nowadays.

[Der-Lowe]

At 12/15/07 10:41 PM, RommelTJ wrote: I didn't read this on Today's BBC World Podcast. How old is this?

November, 9th.

[animehater]

At 12/15/07 08:51 PM, Empanado wrote: Well he's pretty hefty and he had extensive military training, so I'd say don't press your luck.

Sounds like a challenge. I need to get in the best shape of my life!

*Que training montage*

[Der-Lowe]

At 12/16/07 04:01 PM, animehater wrote: *Que training montage*

*rocky music*

[Tucanazo]

even with his military training he´s a coward.... his ´89 coup failed and on the 2002´s coup against him he ACTUALLY gave up.... only to be brought back because they didn´t kill him when they got the chance

[animehater]

At 12/27/07 05:49 PM, Tucanazo wrote: even with his military training he´s a coward....

So you think I have a chance?

[AngelaStar]

Will America be attacking Brazil next?

[Der-Lowe]

At 12/27/07 10:48 PM, AngelaStar wrote: Will America be attacking Brazil next?

yes, yes it will.

[animehater]

At 12/27/07 10:48 PM, AngelaStar wrote: Will America be attacking Brazil next?

Drugs are bad.