Thursday, February 10, 2011

Welcome To The Jungle

Welcome To The Jungle

If you ever wanted to visit the Brazilian Jungles, may I suggest you try to take some vacation time soon and go see them. For you see, they may not be around for too much longer....
Jan. 24 (Bloomberg) -- Brazil’s Amazon may hold “super giant” fields of light oil in an area the country is starting to explore, HRT Participacoes em Petroleo SA Chief Executive Officer Marcio Mello said. The shares gained.

The Brazilian oil-exploration company will start producing from its wells in the Amazon’s Solimoes river basin as early as June, Mello said in a Bloomberg Television interview in New York today. Rio de Janeiro-based HRT is currently transporting a drilling rig to the area to start exploration, he said.

“The Amazon is a completely unexplored frontier,” Mello said “The oil at Solimoes is the best in the whole of South America.”

HRT raised about $1.5 billion in an initial share sale in October to help fund exploration in the Amazon and off the coast of Namibia. It has majority stakes in 21 exploration blocks in the Solimoes Basin and five offshore blocks in the African nation.

Shares of HRT jumped 5.3 percent in Sao Paulo trading to 1,800 reais at 11:38 a.m. New York time. A close at that price would be the steepest rally since Dec. 17.

The company has secured the environmental licenses it needs to explore and produce oil in the Amazon for the next two years, Mello said.
I know what you're thinking, You just went to and everything seems alright. No need to fear. I guess you don't have to worry about it being all logged and what not. It'll be coated in oil and burn down long before they take the last tree for your trapper keeper paper supply.

Just as long as is still fine, then you really don't care about anything else. And I don't blame you. I mean, I know I didn't want to go into the jungle. And what? Get some penis parasite? No thank you! And don't tell me you need to go deep in there for that. I bet you could enter the amazon for about 5 minutes and you'd still end up with hundreds of parasites on your persons.

So perhaps it's just better if you visit it in 3D at your local Imax theater.

It is pretty sad that we're going to have to explain to our grandchildren the concept of a jungle and why they haven't existed for decades. Then again, Gas prices are already starting to climb and this whole shit going down in Egypt can't be good for that, so this may be a lot of good news in alleviate the strain of oil from the middle east.

But you do have to factor in that places like the great barrier reef effectively doesn't exist anymore compared to what it was 20 or even 10 years ago. So we are doing some major damage to both foreign and domestic lands. What with the floods that are washing all sorts of terrible runoff out to sea in the gulf coast.

So yeah, if you haven't visited any place big and epic like the Amazon or at least some place wild like the Redwoods, perhaps you owe it to yourself to check it out soon before they are swallowed up by the march of capital.

No comments: