Monday, April 28, 2008

The Debts of the Lenders: Brazilian Oil Challenges

Formidable engineering challenges block Brazil from extracting oil. 500 degree F, pressures of 18,000 pounds per square inch, and thick salt deposits are just some of the problems that planners have to overcome.

Although more recent estimates place Brazilian oil deposits at 33 billion barrels, it will take at least until 2012 for the first operations to go on line.


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