it is taking time for PETROBRAS to actually come into business with São Tomé and Príncipe.

there seems to be no possibilities for PETROBRAS to exploit São Toméan oil.

PETROBRAS will buy a Chinese oil company in order to exploit São Tomé and Príncipe's oil.

Brazil and China are both at the same stage in terms of oil exploitation in São Tomé and Príncipe.

there is no reason for Brazil to be reluctant to explore São Toméan offshore oil.

and China are thought to come to work together in São Tomé and Príncipe.

had better exploit São Toméan oil on its own.

seems to be particularly interested in São Toméan oil reserve.

exploits almost 5% of Angola's oil.

has only been operating in areas far away from São Tomé and Príncipe.

several months ago, discoveries of important offshore oil reserves made Brazil hit international headlines.

Brazil will be the largest oil producer all over the world by the middle of next year.

today's Brazil capability of producing oil reaches about 1-1.5 million barrels per day.

by the end of last year, PETROBRAS announced that Tupi field may contain 8 billion barrels of recoverable crude.

at present, Brazil is the third largest oil producer in the world.

Western media sources have been considering the possibility that Brazil could weaken the present leadership of the Middle East in terms of oil production.

Some mid eastern producers are unstable and are not friendly towards the USA or Europe.

Brazil, one of the main Latin American economies, is taken as a steady oil producing region.

Peter Zeihan defends the idea that discoveries in Brazil could help to finish the Occident dependence on some mid-eastern countries.

Europe and the USA will soon be self-sufficient in oil production.

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2.

3.

4.

5.

The mid eastern countries have the monopoly of oil production.

The text confirms that Brazil alone can supply around 10 million bpd to the USA.

At present, the USA exports about 10 million bpd of crude oil.

Brazilian exports to the U.S. will most certainly decrease.

American economy depends on the stability of the Gulfbased countries.

most completely.

completely.

less completely.

as completely as.

almost completely.

above.

near.

over.

behind.

underneath.

expected.

definitely.

lovely.

certainly.

obviously.

Oil prices have doubled three times as much all along the last ten years.

Western countries do not need the petroleum found in Middle Eastern countries.

Washington succeeded in getting free from its dependence on foreign energy.

The goal of energy independence is understandable but, for the author of the text, it is an illusion.

President Nixon was the only person to worry about the North American energy independence.