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Do you think that the recent oil discovery in ...

Do you think that the recent oil discovery in Brasil will affect some how the crazy gas prices in the US?


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Maybe a little, in the future.  One of the problems with gas prices in the U.S. is the currency situation.  A lot of the run up in crude oil prices and precious and non precious metals is due to the devaluation of the American dollar around the world.  The U.S. may attempt a "strong dollar" policy, adopting strategies like selling gold and opening up oil reserves, but the currency still has to be brought into line with our trading partners. making the policy only temporarily effective.

Add to that the other problems of the gasoline providers like limited refinery capacity due to environmental laws, limited exploration, also for environmental reasons, and private ownership of resources, and I don't see Brazil's exports in the future as solving the problem.

I think our solutions lie in more nuclear energy, and continuing to change the way we design automobiles, to abrogate the need for gasoline in the first place.

I'm sorry to be a wet blanket on this question because it is good news. 

Posted 2008-04-26T19:56:59Z
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