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You are here News Energy Newly discovered oil reserves to benefit all Brazilians

Newly discovered oil reserves to benefit all Brazilians

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Brazilian President Luiz Inacio Lula da Silva said Thursday that the recently discovered pre-salt layer oil fields are a national asset, which will benefit all the Brazilians.

"Brazil is not to be a mega exporter of crude oil," said the president, "instead, we want to build a strong oil industry in Brazil to add value to our oil and export the byproducts."

"We should not forget that everyone in Brazil is to be benefited ...I want to invest a part of the pre-salt layer oil fields' revenue in education," Lula said.

According to Brazil's constitution, the oil reserves belong to the whole nation.

TVNL Comment: You never heard an American speak this way. That is real patriotism, not the fake patriotism that exists here!

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