Brazil’s offshore revival seeks to double crude output by 2030.

World Oil. (2021, July 26). Brazil’s offshore revival seeks to double crude output by 2030. Retrieved July 28, 2021, from https://www.worldoil.com/news/2021/7/26/brazil-s-offshore-revival-seeks-to-double-crude-output-by-2030

In Brazil hundreds of millions of dollars are being piled together into offshore rigs and projects to find new pockets. Brazil and Latin America will be responsible for a fourth of oil production outside of the OPEC group. Due to the lack of money in these countries it is hard to move away from the cheap and efficient crude oils. Brazil is now climbing to be a leader in output of oil just below the middle east. COVID slowed the business in Brazil, but President Jair Bolsonaro, is opening Brazil’s oil industry. ANP Brazil’s oil regulation is expecting a massive expansion in the number of rigs and exploration. Brazil’s dams due to the droughts fluctuate resulting in Brazil trying to tap the most out of oil before it is no longer useful. 

This article sheds light on Brazil’s newfound want and push for crude oil‘s, a push that before had not been much like Brazil. Brazil’s massive push to be a top of the crude oil industry output wise represents many of the struggles of developing countries when it comes to the modern world adapting around the energy crisis and climate change. Brazil he’s trying to tap majorly into The oil market and because of this we as a world I’m going to end up milking the last drop of oil out of this world. The idea that countries might as well take advantage of crude oil and petroleum now before they run out of value is truly a terrible thing as they are disregarding what they are doing and not making an effort to change until they are forced out of what they are doing. While reading the article and finding out the background of Brazil’s president and his lack of awareness of climate change it made me question the people that we put in power and what they will do to keep the power. And although Brazil and other countries may have tried all the alternatives I do not understand why they decide to fall back and revert to detrimental ways just to profit. The result of these selfish actions will be nothing but poor and once again will only provide a temporary solution to a problem that will only get worse the more they try to avoid it and fall back on oil as their source.

 

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