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.

What Motivates Investment by Big Companies Part 1

It is always interesting why companies do or don't invest in certain things.  In the case of oil vs. alternative fuels, it has been worthwhile for big oil companies to continue investing in "upstream" activities (i.e. exploration and drilling) due to market returns and tax breaks.  The former is mentioned in the following article and the latter is currently being debated by congress.  (Note:  "$200 oil" means per barrel).

Why don’t oil majors invest in biofuels at scale?