It must be fun to be a Brazilian these days

Back in November, I had written about the discovery of the Tupi Oil Field off the coast of Brazil. Five to Eight Billion barrels. Well guess what -- they found another field five times bigger. From New Zealand's OneNews:

New joint oil find in Brazil
An offshore find by Brazilian state oil company Petrobras in partnership with BG Group and Repsol-YPF may be the world's biggest discovery in 30 years, the head of the National Petroleum Agency said.

Haroldo Lima told reporters the find, known as Carioca, could contain 33 billion barrels of oil equivalent, five times the recent giant Tupi discovery. That would further boost Brazil's prospects as an important world oil province and the source of new crude in the Americas.

Shares in Petrobras, which said studies on the find continued and would not comment on the figure, soared on the news. They were trading 5.7% higher at 83 reais in the late afternoon, after retreating somewhat from gains of more than 7%.

"It could be the world's biggest discovery in the past 30 years, and the world's third-biggest currently active field," Lima, head of the government's oil and fuel market regulator, told reporters at an industry event in Rio de Janeiro.

This is also a deep oil deposit that has never seen dry land (and correspondingly no vegetative mass to turn into petroleum) -- if you want to stretch your mind a bit, check out Thomas Gold and his paper on The Deep Hot Biosphere Wikipedia has a good article on Abiogenic petroleum origin On hearing of the first deposit back in November, Brazil's President, Luiz Inacio Lula da Silva said:

'God is Brazilian,' Lula says after oil find
God is Brazilian,� Brazilian President Luiz Inacio Lula da Silva said Tuesday in relation to his government's announcement earlier this month that massive new oil reserves had been discovered offshore.

This was the photo from then. He must be beaming now. Glad it's not Argentina -- Chavez is a socalist moron who is ruining a great nation.