Brazil Oil Discovery Could Reshape GeoPolitical Map
Apr 24th, 2008 | By Contrarian Profits | Category: Featured, Financial NewsThe recent discovery of two massive Brazilian oil fields may end the US’s reliance on Middle East crude.
According to Bloomberg:
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.