[Ost-news] Big Oil Strike in Brazil has Tongues Wagging, but We Continue Towards Peak Oil

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Big Oil Strike in Brazil has Tongues Wagging, but We Continue Towards Peak Oil

By Pedro Prieto, Tlaxcala. Posted May 7, 2008.

Since the 1980's, the world has discovered less oil than it has consumed every year.

note: This was translated from the Spanish original by Miss Machetera, proprietor of the Machetera blog.

The world press, especially the Western press and specifically the financial press, has jumped all over the headlines of the discovery of a huge oil field in Brazil's continental shelf.

[read more][1]

    [1]: http://oilsandstruth.org/big-oil-strike-brazil-has-tongues-wagging-we-continue-towards-peak-oil

URL: http://oilsandstruth.org/big-oil-strike-brazil-has-tongues-wagging-we-continue-towards-peak-oil