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gotosy

Rio says Olympics threatened by oil reform

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Brazil has not sold new offshore oil rights in the region near Rio de Janeiro and Sao Paulo since 2007, preventing companies from expanding activities in an area already responsible for more than 80 percent of Brazil's 2.1 million barrels a day of output.

The New York-sized subsalt area, which includes the Frade concession where Chevron's accident occurred, may hold 100 million barrels of oil or more, according to a study from the National Oil and Gas Institute. That's enough to supply all needs in the United States, the world's largest oil consumer, for more than 14 years.

more: Reuters

What???? 14 years??? The United States consumes about 21 million BARRELS per DAY... http://science.howstuffworks.com/environmental/green-science/us-gas-addiction.htm so 100 Million barrels would supply the USA for about 4.75 days... not 14 years... and Brazils current daily output of 2.1 Million barrels would supply only 10% of the USA's current daily oil demand... Reuters really needs to begin copyediting before publishing...

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What???? 14 years??? The United States consumes about 21 million BARRELS per DAY... http://science.howstuffworks.com/environmental/green-science/us-gas-addiction.htm so 100 Million barrels would supply the USA for about 4.75 days... not 14 years... and Brazils current daily output of 2.1 Million barrels would supply only 10% of the USA's current daily oil demand... Reuters really needs to begin copyediting before publishing...

Ahh... the original Reuter's source says 100 Billion, not Million... which I did the math and it comes out to 13.04 years at CURRENT consumption, not "more than 14 years"... grrr...

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