Chalk up two more gushers for the ongoing oil bonanza down Rio way. This week, both Petrobras
Petrobras, in case you missed our pieces on past prodigious prizes, has been stringing together a series of serious hits. Just weeks ago, one of my colleagues was fawning over a potential 4-billion-barrel find.
Well, the company's moved a bit further up the coastline and hit hydrocarbons offshore Bahia state, along with El Paso
Anadarko, along with Devon Energy
With every passing discovery, I get more reassured about my bullishness on the deepwater drillers. I don't really care if oil's at $60 or $120 -- significant offshore development is moving ahead in either case.