Excellent!

So I can now cross having my tyres properly inflated, making sure my mixture isn't too rich, changing my thermostat, carrying unnecesary weight and driving efficiently off my to-do list.

Normal service is resumed.

G-string bikinis, Carnival, and now this? Jinkies, Brazil is the country that just keeps on giving.

10 years? We'll all be dead by then due to the catastrophic effects of global climate warming change. I need food for my Hummer NOW!

Nice try, assholes.

I feel the need to buy a '67 Caddy SDV as my commuter car.

Are you sure they'll be willing to share with us? I mean, most of our countrymen think they speak Spanish down there (when in fact Portuguese is their tongue of choice).

Nice. Just in time for the waves of hybrids and such that have been announced.
Of course, the great thing is that the West in general is ok with these guys, unlike the dodgy love/hate relationship with the UAE/Iran/Iraq and other middle-eastern countries, which means there isn't much chance of needing a 'regime change' unless the Brazilian government starts getting all uppity and full of themselves. But then they could simply distract the rest of the world with more of their lovely Rio parade dancing girls.
Though I think us Europeans are still going to be crying every time we visit the pumps.

Fuck YEAH Brazil!

Maw, git mah gun and load up the Hummer!!! We're invadin' Brazil!

@Andrewpetty: "I need food for my Hummer NOW!"

You know, in a pinch, you can grind up equal parts American soldiers and Iraqi children for that.

Yeah, why not...postpone the inevitable.

Tonight on FoxNews, President McCain explains how Al Qaeda; supported by the govt. of Brazil, snuck box cutters into the US in early September, 2001. The President will tell the public that everything will be ok, because the invasion and rebuilding will be paid for by the 33 ballion barrels of oil that Osama Bin Laden was going to use for his kidney dialysis machine.

Now the H2 owners are gonna really throwing bricks at Priuses (Prii, Prisis)!!!

Thank you Lawd, let the hoonage begin!

You can power a lot of Brazilian Wax heating devices with that much oil in the tank.
Viva la Consumpcion!!

Can we drill in ANWAR anyway? I freaking hate elk.

Is Brazil a member of OPEC? Because I don't see this lowering gas prices 10 years from now when everything finally comes online.

Prepare the invasion!

Go Brazil! I know who I would rather support when I fill up the tank:

don´t tell to Bush he will be planning an invation down here (I live in Brazil)

@no_slushbox:
I like those kind of Tata's.

@no_slushbox: LOL, Mostre-nos seus peitos!
@tucon:

@M0L0TOV: It's an old internet meme, it comes up pretty quickly if you search for Brazil and soccer. I should have come up with a better header, maybe "Remember, you now have a choice when buying gasoline."

I can see it now, ships from Brazil with the holds full of black gold and the crevices stuffed with white powder. This calls for a Fiesta, now I gotta buy my white on white 745 back for 10k more than I sold it for, DAMN THESE DOOMSDAY PREACHERS.

Doomsday for the doomsdayers. Sweet.

hold on, fellas... :
[www.economist.com]

this is great. they don't want us to use ethanol because it drives up the price of corn. they save money on their ethanol as we pay them for crude. i love it when everybody wins.

@korvetkeith: @beercheck: Eh. If it really takes them 10 years to fill the pipeline, people by that time will be driving electric cars just because they prefer them, being quieter, cleaner, cheaper.

And old-school hoons with a jones for that stinky, antiquainted petrol will still be able to get it, for a price. But they'll be competing for it with all the diesel powerstations generating electricity.

BTW @beercheck: did you just get your lil' star today? I did! I wonder if this means we have to try to elevate the level of our discourse?

[/pokes Beercheck in the eye]

@tucon: No need to invade countries that trade with absolutely no bullshit. Particularly when the current invasion has inflated prices enough for his cronies to all profit more handsomely than ever before WITHOUT invading. Don't be surprised if we come down there looking for air bases from which to invade Venezuela, though.

Also, does this mean Brazil is going to back down a bit from their embrace of ethanol?

Except that the current government of Brazil is filled with total dickwads.

Remember, they sued the 'Simpsons' producers because they thought the Brazil episode was highly insulting to their culture. You need a pre-approved visa to travel there (and you need to be fingerprinted), and if a customs agent doesn't like your tone of voice, he can lock you up for a long time.

I'm actually sitting in an airport right now, waiting to board a plane to Sao Paulo. We've (a MAJOR company) been doing business with Brazil for about three months now on a big project, and it is the most petulant country I've ever had to deal with. The bureaucracy is absolutely impossible, and deliberately so. The officials have major penis envy also. They think they're doing you a huge favor by allowing you to spend a few days there, and if you point out that you're just trying to WORK, which is in everyones interest, they just make life all the more difficult (and maybe give you a speech about how the whole world wants to do business with the mighty Brazil). The crime is completely out of control (but don't mention that) and although the women are hot, AIDS has reached tremendous proportions there, so you don't want to touch them (but don't mention that either).

All in all, after this project is over, I will happily never return there, and I will also do whatever I can to ensure my company does no further business with them.

I'm waiting for the Grey lady to get off her tush and drop the news of this on my doorstep. Oh, and congrats on the stars, you two.

@beercheck: @lascauxcaveman: did i miss an announcement about new star-bearers? overdue really..

any-wahays... this is a peculiar development indeed and i don't have anything to say about it.

I (heart) lamp.

Dudes- gas prices, like fines, penalties, and Laura Bush, never go down. They only tease you for a month, then skyrocket no matter what during the demand season. Look at yearly changes. Have they EVER gone down if you look at one year averages? Once the price is established, more oil only means more profit, as they won't be able to resist joining the oligarchy of oil.

@lascauxcaveman: A shining star, for you to see what your life can truly be...

This is big, but not huge, news. It probably will give a little boost to the global economy. But the entire thing amounts to a little over a year of the world's total consumption.

The exploration geophysicists (I work near them) have been saying that they don't expect to see “another Prudhoe Bay” (25b bbl) in their lifetimes.

So it turns out that they were wrong. But their bearish sentiment still holds. I won't be surprised if this one is the last big one.

Brazil is a kind of retirement home for a whole variety of cars that were produced there after their North American runs closed. Falcons, LTD's, Mavericks, Rambler Rogue coupes (disguised as IKA Torinos), VW Bugs . . . Nice to know there will be something to keep all that old iron running.

I also heard recently that the Falkland Islands recently confirmed the discovery of a massive oil reserve off their coast. It will make their country among the richest per capita of any country in the world.

Its now clear why Argentina really doesn't want to let it go.

Peak Oil my ass...

I welcome our Brazilian overlords.

I'm sure the oil companies are now rushing to get prices below $115. Are you fucking kidding me? This kind of thing will just prolong the reign of the oiligarchy.

This combined with CAFE is the best thing that could possibly happen for my hooning future. Due to CAFE, automakers will be pouring billions into lightweight materials. This reserve means that gas will still be relatively cheap then, and there won't be enough push for another drastic raise in CAFE. Therefore, automakers can sit back on their haunches and start churning out some BIG HONKIN V8 MONSTERS, each equipped with all the new lightweight tech, plus direct injection and probably turbochargers. Maybe we'll even have flywheel hybrids. That or muscle cars will be sporting super+turbocharged diesels, which is also fine by me. Now, in 2020, I'll be 28 and hopefully have some disposable income, so to me, this is great news.

@ranger88: nice writing for a 4th grader!!

I KIDDD I KIIIIIIDDDDDD!

valid points though... it does seem to make CAFE unnecessary, but really getting the world cleaner through automobiles is just smart all around ( I say over my revving dual flowmaster delta 40's on my 65 Impala SS' bored out 327)

nah'mean?

All you peak oil commiefaggots need to get with the plan. Jesus is gonna keep putting more oil under the crust for us to "discover". It's all good.

Burn on, brothers!

n a future United States, the only transport available to an individual is public transportation. Predicated on an assertion that "the oil has run out", an increasingly totalitarian central government has ordered all personal vehicles be impounded by law. One man, a former race car driver, yearns again for his ability to choose his own roads and destiny. He reassembles his race car hidden from confiscation, and sets out for "Free California" which has broken away from the new regime.

It is the future. Evil fascists have forced everyone to recycle and drive electric cars, and have oppressed all those poor people who want to drive Ferraris and smoke cigarettes.

1981 movie the last chase. think about it 1981.

the future is not set. lets drill the crap out of ANWR.

I was wondering why no moment of zen...

...then I realized this is clearly it.

You can always go to Europe and shag Brazilian hookers. Not that I'm suggesting people do so but there's other ways to get Brazilians. Or you can just hang out at the Orlando International Airport. Honestly, I'm all about the oil shale. There's more oil shale than oil reserves in the Middle East and with the price of oil right now...it's economically feasible.

@danio3834:
Do you know what this means danio? It means the Falklands will have the world's richest sheep. Think about it, the Bah Bah of Falklands spending money on exotic cars made out of hay. Just don't cry for me Argentina if they get involved over this.

This is the decade when we decided to make bad movie remakes of 70's TV shows, and apparently life decided to make itself a bad remake of the 70's as well. We have oil crises, cars are going go through a performance reset again, the military farce in Middle East is starting resemble remarkably the "Vietnamization" phase of that conflict...

So let's review notes here from the last time. In a few years, when oil prices peak, start buying up performance cars, park them in Arizona, and in 30 years roll to Barret-Jackson with your mint originals.

@M0L0TOV: Richest and single! I'm getting me a plane ticket. Baaa!

Ummm... 33 billion would only add about 3% to the world's oil reserves.
[en.wikipedia.org]

Also, finding it and actually getting to the point where they're pumping/transporting oil are two entirely different things.

Now for some more bad news... back in 2006, the world consumed about 31 billion barrels of oil (86 million barrels a day).

Judging by how oil prices have moved recently, wanna bet that consumption didn't increase since then?

So this new "huge" oil find will keep us going for an extra year or so based on 2006 worldwide consumption.

Sorry to rain on everyone's parade, but it is the truth.

Great news. Maybe I'll keep my '64 Chevy motorhome a motorhome and not convert it into a flatbed. 11 mpg @ $3.50 a gallon means no more long trips. Because the Brazilians use almost exclusively ethanol in their vehicles we'll get a killer deal on all that nice crude that they don't need, right? Sure.