GE wants to help Brazil extract 100 billion barrels of offshore oil

With all the talk about the expanding oil & gas market in the United States, I found this clip on Bloomberg TV about GE's intentions to supply equipment  help extract petroleum for the massive oil discovery 150 miles off Brazil's coast to be particularly interesting. Oil experts say there may be as much as 100 billion barrels of oil a mile below the ocean floor. It's said to be the biggest oil find in a generation and could supply all of Brazil's oil needs for a century.
May 17, 2013

With all the talk about the expanding oil & gas market in the United States, I found this clip on Bloomberg TV about GE's intentions to supply equipment that would help extract petroleum from a massive oil discovery 150 miles off Brazil's coast to be particularly interesting. Oil experts say there may be as much as 100 billion barrels of oil locked below layers of salt a mile below the ocean floor. It's said to be the biggest oil find in a generation and could reportedly supply all of Brazil's oil needs for a century.

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Jim Lucy Blog

Chief Editor

Jim Lucy has been wandering through the electrical market for more than 30 years, most of the time as an editor for Electrical Wholesaling, Electrical Marketing newsletter and CEE News. During that time he and the editorial team for the publications have won numerous national awards for their coverage of the electrical business. He showed an early interest in electricity, when as a youth he had an idea for a hot dog cooker. Unfortunately, the first crude prototype malfunctioned and the arc nearly blew him out of his parents' basement. Before becoming an editor for Electrical Wholesaling magazine and Electrical Marketing, he earned a BA degree in journalism and a MA in communications from Glassboro State College, Glassboro, NJ., which is formerly best known as the site of the 1967 summit meeting between President Lyndon Johnson and Russian Premier Aleksei Nikolayevich Kosygin, and now best known as the New Jersey state college that changed its name in 1992 to Rowan University because of a generous $100 million donation by N.J. zillionaire industrialist Henry Rowan. Jim is a Brooklyn-born Jersey Guy happily transplanted in the fertile plains of Kansas for the past 20 years.