Saturday, Mar 17th

Last update05:20:13 AM GMT

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

Newly discovered oil reserves to benefit all Brazilians

E-mail Print PDF

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!


Most Recent Related Stories...

Oil industry falls out of love with Trump

Oil and Gas fall out of love with TrumpThe oil and gas industry’s relationship with President Donald Trump is cooling off. The administration’s 25 percent...

Emergency official: 5 missing after Oklahoma rig explosion

Oklahoma rig explosionFive people are missing after a fiery explosion ripped through an eastern Oklahoma drilling rig Monday...

Watchdog: Texas company illegally charged Energy Dept. $2.5 million in expenses

Summitt Texas Clean Energy charged illegal fees to US gov.t A government watchdog has found that a Texas energy company likely charged the Department of Energy $2.5...

Energy agency rejects Trump bid to boost coal, nuclear power

Rick PeerryAn independent energy agency on Monday rejected a Trump administration plan to bolster coal-fired and nuclear...
America's # 1 Enemy
Tee Shirt
& Help Support!
TVNL Tee Shirt
Conserve our Planet
& Help Support!
Get your 9/11 & Media
Deception Dollars
& Help Support!
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!