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Which country is hot in 2010?

By | December 22, 2009, 9:06pm PST

Summary: Brazil: hot country in 2010.

It’s not California (the sixth or seventh largest “national” economy on earth), trying to resurrect itself with greentech. It’s not oily, authoritarian Russia. It’s not even China with its mega-population, huge trade surplus and population growth controls. We know it’s not Dubai. Tuvalu or The Maldives are only hot when measured on a thermometer. According to Newsweek the real hot country next year is Brazil.

And it’s not because Brazil produces plenty of ethanol biofuel, or has pledged to stop deforestation of Amazonia, or has definite plans to cut greenhouse gas emissions. Brazil is hot because of a huge new oil field offshore. There may be two billion barrels of crude oil under the Atlantic, to be exploited by a private Brazilian company.

How much is that? The U.S. currently consumes over 20-million barrels per day. That means this huge Brazilian oil field could keep America trucking for another 100 days! Let’s party. Peak oil might be one of those conspiracies we read so much about.

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Harry Fuller

http://blogs.zdnet.com/green/?page_id=2

Biography

Harry Fuller

Harry Fuller is a media veteran, having spent decades in TV news in the San Francisco Bay Area. As GeneralManager of KPIX-TV (CBS) he founded one of the nation's first TV station websites in early 1995. He was News Direcor at TechTV when it was founded in 1998. In 2001 he moved to London to become Executive Producer for CNBC Europe. Four years later he returned to San Francisco as Executive Editor for CNET's news.com.

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Readying For the Olympic Games Too
donnydo77@... 27th Dec 2009
All the Olympic Games infrastructure requirements should provide employment for several years too. Though that will be specific to a few areas in Brazil there are still opportunities. Besides, the oil reserves extracted won't necessarily be needed in Brazil but will bring in wealth from the market.
Btw, good point about oil use by the USA. Conservation and alternatives may help for the home and commercial electricity needs. However, certain processes, products, some transportation, and heavy equipment will be difficult to transition from petroleum.
Wonder if algae derivatives will ever substitute for petroleum in plastics and other products?
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Leading up to the Copenhagen nonsense you gave us - say - 3 hysterical blogs a day, desperately trying to make it 'IT relevant' here and trying to convince us that it was 'a problem'.

Ha - nothing of the sort. World leaders farted right in your face.

Now, as this is an IT site, can you do ANYTHING ELSE than giving us doom'n'gloom and conspiracy theories? Try something about IT for a change.

You're a sore loser, and a coward.
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RE: Which country is hot in 2010?
educationtalk 23rd Dec 2009
Wow, what a waste. Brazil is hot for so many other reasons and the oil field is really old news. Try reading the recent special report in The Economist and then maybe you can write something worth reading.
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Some old news
Agnostic_OS 23rd Dec 2009
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RE: Which country is hot in 2010?
BonMot 23rd Dec 2009
EXCELLENT blog! Wonderful to have the numbers boiled down to understandable ratios. The oil cartels hate that and so do unimaginative nay-sayers, but it's critical to get those billions of barrels that seem so significant translated into the piddly days they'd last if we got our grubby hands on them. Let's see the end of petro-business, and soon! Great blog.
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The end of petro-business?
guillermo_1v 24th Dec 2009
Tinker345 wrote: "Let's see the end of petro-business, and soon!"

Bad idea Tinker345! This country and the rest of the developed world are fundamentally dependent on fossil fuels. YOUR lifestyle is completely dependent on fossil fuels from the food you eat to the car you drive to the electricity for the computer you use to surf the Internet. See this chart from the U.S. Department of Energy for the details of our reliance on fossil fuels: http://tinyurl.com/46u8g5.

In the best case, the end of the petro-business will result in greatly increased costs for energy. See these two charts for the details and the high costs of alternative energy sources: http://tinyurl.com/yabuk9p and http://tinyurl.com/ybyqpe2.

When we go 'Green' on a large scale, YOU will be paying MORE for energy to heat/cool your house, fuel for you vehicle and even food for your family.

Because, as you can see from the charts cited above, none of the alternative energy sources come close to the low, low cost of fossil fuel based systems. Wind power is expensive at $1500-$3000 KWp. And solar power is outrageously expensive at $6-10,000 per kWp. Are you willing to see your electricity costs rise by as much as 1000 percent?

And if the end comes suddenly it will certainly cause great deprivation throughout the world and possibly armed conflict as nations compete for resources. Those prospects are discussed by the Peak Oil theorists (see: http://en.wikipedia.org/wiki/Peak_oil)

No, I think we should all hope that the end of the petro-business does not come anytime soon. Let us hope and pray that it does not come until economical alternatives are developed (nuclear energy is one of the few that qualify).
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Canada
SMparky 23rd Dec 2009
Brazil is certainly "hot" compared to Canada and it's great they have a new source of oil. Keep in mind that for American's it's Canada that is hot. Brazil has roughly 13 billion barrels of proven oil reserves. Canada, which by the way is the USA's number 1 supplier of oil, has 178 billion barrels of proven reserves (refer to the CIA world factbook). Canada is also the largest supplier of natural gas, electricity, and uranium to the USA. The Canadian oil sands are the second largest deposit of oil on earth and have potentially almost 2 trillion (not billion) barrels of oil in them. Canada, largely ignored by the US media because of our stability is by far the most important trading partner with the US. (both ways, imports and exports). Likewise the USA is our most important trading partner.
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sadly it true
Quebec-french 23rd Dec 2009
we are too stupid to find new market .
and we are the one that will get polluted
because of oil sand ....
we will be rich and dead wow what a great
plan.

Luckily for Quebec the uranium mine project of
sept-iles is on hold for now
http://www.cbc.ca/health/story/2009/12/14/quebe
c-uranium-cp.html

too bad that for the rest of canada at least
will try to stay clean in Quebec.

If only we could find a ways to cut our
dependency on USA market ...
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Readying For the Olympic Games Too
donnydo77@... 27th Dec 2009
All the Olympic Games infrastructure requirements should provide employment for several years too. Though that will be specific to a few areas in Brazil there are still opportunities. Besides, the oil reserves extracted won't necessarily be needed in Brazil but will bring in wealth from the market.
Btw, good point about oil use by the USA. Conservation and alternatives may help for the home and commercial electricity needs. However, certain processes, products, some transportation, and heavy equipment will be difficult to transition from petroleum.
Wonder if algae derivatives will ever substitute for petroleum in plastics and other products?

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