PowerSwitch

http://www.bbc.co.uk/news/world-latin-america-11659582

" A newly-tapped oil field off the coast of Brazil could contain up to 15 billion barrels of oil, officials say.

Brazil's national petroleum agency said the Libra field most probably held around 8 billion barrels.

That matches the size of the giant Tupi oil field, whose discovery in 2007 drew attention to Brazil's potential as a major oil producer.

If the 15 billion barrel figure were confirmed it would double Brazil's known oil reserves. "

"The volume of recoverable oil belonging to the nation could vary from 3.7 billion to 15 billion barrels, with the most likely estimate being 7.9 billion barrels," the national petroleum agency (ANP) said in a statement.

If they export it all should keep the world going for 3-6 months. Handy find.

"The volume of recoverable oil belonging to the nation could vary from 3.7 billion to 15 billion barrels, with the most likely estimate being 7.9 billion barrels," the national petroleum agency (ANP) said in a statement.


So lets say 8 billion barrels. How long would that last the world?

So 15 billion barrels (maximum), and its like a drop in the ocean

Even if they keep it all themselves, it would only last a few years.

http://www.nationmaster.com/red/pie/ene ... onsumption

It's the flow rate, innit...

Miles under the sea bed, I suppose?

I can't see why they wouldn't export it. Statistics suggest than they are already exporting 18% more oil in 2010 than they did in 2009.