The Debts of the Lenders: Crude Oil in ....Brazil?

Brazilians have long been known to produce ethanol from sugar. But now, recent discoveries of offshore crude deposits may hold up to 8 BILLION barrels of oil. Among discoveries in the past 30 years, only the 15-billion-barrel Kashagan field in Kazakhstan is larger.


And these are only the initial findings. Brazil only seriously began drilling research in 2007.



http://www.bloomberg.com/apps/news?pid=20601109&sid=aBUoYKhu7PWk&refer=home

https://www.stratfor.com/campaign/geopolitical_diary_whats_important_not_whats_popular_5