Huge oil reserve find?!?!?

http://news.yahoo.com/s/ap/20080415/ap_o鈥?/a>





How happy are you about this?!? How much of a decrease in gas prices in America do you think this may lead to? Brazil is part of OPEC, right? We need to straighten out our relations with Brazil and hopefully, gas can fall under $3 a gallon! 33 BILLION gallons!Huge oil reserve find?!?!?
If I were Brazil I'd hoard it just like the US is hoarding ours. I really don't see any reason for them share it with us. They are already far ahead of us as far as alternative fuels go though. I think 40% to 50% of the fuel come from sugar caine ethanol. It would be nice to see gas under 3 bucks a gallon. I would hold my breath though.Huge oil reserve find?!?!?
Brazil is not even a major producer! Lift the worthless sanction off Iran and cheaper oil is guaranteed for sure. There are other things you can do:


-Convince a few hundred million number of people to stop driving and watch oil companies fall apart


-Strong US dollar=cheap commodities





If the US dollar doesn't start retaining its value, I don't freaking care if OPEC decides to ask for Euros in return for their barrels!
IRAQ ALONE HAS 25 PERCENT OF ALL THE OIL IN THE WORLD.THE FOLLOWING CHART IS NO MORE VALID AFTER THE NEW DISCOVERY OF THE IRAQ RESERVE WHICH IS ESTIMATED BY THREE TRILLIONS.


Summary of Reserve Data as of 2007 Country Reserves 1 Production 2 Reserve life 3


(109bbl) (106bbl/d) (years)


Saudi Arabia 260 8.8 81


Canada 179 2.7 182


Iraq 115 3.7 101


Iran 105 2.2 143


Kuwait 99 2.5 108


United Arab Emirates 97 2.5 107


Venezuela 80 2.4 91


Russia 60 9.5 17


Libya 41.5 1.8 63


Nigeria 36.2 2.3 43


United States 21 4.9 12


Mexico
or brazil might decide not to sell any to us