Brazil has weaned itslef off of gasoline by switching to sugar base ethanols. Sowhy doesPetrobras, a nationalized Brazilian oil firm get the first real deep water drilling rights in the Gulf of Mexico since the Ban was lifted?

Yes, I know Noble oil got a permit. It was to drill a byass hole into an existing well. Not exactly new oil.

I suppose it is better than getting Saudi Oil from the Arabs. But this will be US oil from a non US company.

More US dollars going out of the country.

Thanks Barry.