April 24 (Bloomberg) -- Brazil's discoveries of what may be two of the world's three biggest oil finds in the past 30 years could help end the Western Hemisphere's reliance on Middle East crude, Strategic Forecasting Inc. said.
Saudi Arabia's influence as the biggest oil exporter would wane if the fields are as big as advertised, and China and India would become dominant buyers of Persian Gulf oil, said Peter Zeihan, vice president of analysis at Strategic Forecasting in Austin, Texas. Zeihan's firm, which consults for companies and governments around the world, was described in a 2001 Barron's article as ``the shadow CIA.''
Image credit Danegerus.
We could improve our self sufficiency dramatically if we used all of our own resources, but we don't have the will to do that -- I guess gas isn't expensive enough yet.
Oh wait, you mean it isn't the ethanol they make from their sugar? But O'Reilly said....I read an article shortly after he railed on our not using ethanol that spelled out how discoveries of new off shore oil was more important in making them self sufficient.
There is fuel to be discovered and recovered if we would just look.
Self reliance and the ability to control your life is a key to happiness, that applies to a nation as well.
DKK
Bloomberg
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