Petrobras: Set to Become a Global Oil Major - Barron's [View article]
Petrobras is a govt. owned company under control of a left leaning govt. It is not Saudi Aramco. But that is besides the point.
Oil find by Petrobras will cost $40-50 to extract. The bigger reserves are under salt layers which noone knows how to drill. Wait for the environmental groups to study this and they will be all over this.
Petrobras: Set to Become a Global Oil Major - Barron's [View article]
Oil find by Petrobras will cost $40-50 to extract. The bigger reserves are under salt layers which noone knows how to drill. Wait for the environmental groups to study this and they will be all over this.