Wednesday, September 29, 2010

Brazil - top five oil suppliers in the world in five years.

An oil company in Brazil, Petro Brass, raised more than seventy billion dollars, a new world record. Big part of the money will go to deep water drilling. Investors are looking at the BP spill as a onetime incident and not as a proof that deep water drilling is unsafe.
Five years ago Brazil found one of the world's largest oil deposits along its coast. Analysts believe that in five years Brazil will become one of the top five oil suppliers in the world. Brazil hopes to use the money to fight poverty.

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