Comments on: Is Brazil the 'New Saudi Arabia?'

By: The World's Most Exciting Market - Until They Spoiled it

The World's Most Exciting Market - Until They Spoiled it — Thu, 17 Sep 2009 09:02:45 +0000

[...] Over the past year, Brazil has established itself as one of the most exciting markets in the world for investors. Its Bovespa stock index is up 55% this year. And the discovery of the huge new Tupi oil field off its east coast has led some investors to refer to Brazil as the “New Saudi Arabia.” [...]

By: Julio

Julio — Thu, 19 Mar 2009 16:16:44 +0000

They know what they’re doing and they keep finding more oil in Brazil. Brazil is also a big producer of ethanol and hydroelectricity and has big plans to increase it’s neclear power. Brazil is not just the “new Saudi Arabia”, it’s a rising world power.

By: Chris Walker

Chris Walker — Wed, 18 Mar 2009 18:13:33 +0000

Somebody please tell Exxon & the Brazillian government that this so called “huge find” is less than 4 months of world supply & will be pumped out over many years, so basically it will make zero difference to net oil supply. Existing field production declines are larger than this !