What people fail to realize is that Brazil's economic and energy boom is not being fueled by ethanol alone, but by
vast oil deposits they are aggresivly extracting (the reason one George Soros invested 900 million in Petrobas, isn't it nice that he gives money to people who wish to restrict american production but pours hundreds of millions into foreign oil companies.).
Not exact matches
But they are
vast, constituting one of the largest
deposits of
oil in the world — something in the range of 150 billion barrels, enough to help make Canada a net exporter of
oil.
Alberta would still have a significant advantage over our prairie neighbours, as we have
vast oil and gas
deposits, low personal income tax, and no provincial sales tax.
The
vast oil - sand
deposits of Alberta are estimated to hold up to 170 billion barrels of recoverable
oil, second only to Saudi Arabia.
The rolling hills of southeast Oklahoma stretch from Norman across to Arkansas and show little evidence of the
vast deposits of crude
oil that were once beneath them.
And that's what the Obama administration did today on the Keystone XL Pipeline, which has been proposed as a way to carry bitumen, a tarry
oil precursor, from
vast Canadian
deposits to American refineries.
In Brazil, the immediate remedies for this very real need are seen in the massive number of unharnessed rivers of the Amazon basin and in
oil deposits in the jungles of Western Amazônia (not to mention the
vast deposits of deep - drilled
oil located off - shore along the coast of Rio de Janeiro which is another story).
In discussing
oil shale, Mr. Bush made a fresh effort to get Democrats in Congress to consider unlocking the
vast deposits of the Green River Basin, saying the cost of production is low enough to make such supplies competitive at current prices.
These anti-hydrocarbon policies also mean the U.S. Treasury will be deprived of hundreds of billions of dollars in lease bonuses, royalties, taxes and other revenues that it would realize from the development of our nation's
vast oil, natural gas and coal
deposits.
The boreal forests of Alberta, Canada are home to
vast deposits of
oil sands, also called tar sands.
Developing America's
vast domestic
oil, natural gas, coal and shale gas
deposits will generate millions of jobs and hundreds of billions of dollars in critically needed royalty and tax revenue.
Vast amounts of water and energy are needed to strip - mine and drill Canada's tar sands
deposits — a heavy black substance mixed with sand and clay — and turn the extracted bitumen into usable crude
oil.
It could liquefy the
vast deposits of coal,
oil shale and tar sands that were readily available in North America.
Carbon taxes pose an existential threat to the development of North America's
vast coal,
oil, and natural gas
deposits — one of the few bright spots in the economy.
«When you have the development of
oil sand
deposits, there are
vast landscapes that go on for miles that are barren and a lot of big lakes of toxic water that have been used in the process of extracting the
oil,» said Jack Woodward, the lawyer representing them.