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Brazil Discovers Huge Oil Reserve - Resume Conspicuous Consumption

Petrobras, the state run oil and natural gas company of Brazil, has announced they have discovered an off shore oil reserve of as much as 33 billion barrels of crude. That prospect places it at about the third largest known reserve in the world. Given that this is an all new oil reserve and it should start producing… » 4/16/08 5:20pm 4/16/08 5:20pm