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Alternative Latin Investor Reports: Pre-Salt: What Now?

Francisco Ebeling of the Brazilian Institute of Oil, Gas and Biofuels explains the true significance of offshore pre-salt oil discoveries.

Buenos Aires, Argentina, November 14, 2009 --( Alternative Latin Investor is the first online magazine to provide information on Alternative Investments in Latin America. This just released issue reports on the pre-salt oil discoveries in Brazil.

Pre-Salt: Now What?

This event marked an important moment for the Brazilian oil industry, because recent discoveries in the world oil scene have been rare and also because Brazil has always carried the title of eternal latecomer in the race for oil. The Brazilian oil industry was, until then, a classic case of sudden success but with limited potential. So when their country arrived on the pre-salt scene, Brazilians began to dream of fabulous trajectories of economic development financed by the excessive reserves that surely rested under the water, just waiting to be converted to a new 'Oil El Dorado.'

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Tiffany Joy Swenson
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