Brazil Oil Finds Part 1

As mentioned several times by our WorldWatch group Brazil's discoveries of what are two of the world's three biggest oil finds in the past 30 years will help end the Western Hemisphere's reliance on Middle East crude... Saudi Arabia's influence as the biggest oil exporter has its days numbered if the fields are as big as advertised, China and India would become dominant buyers of Persian Gulf oil... Brazil may be pumping several million barrels of crude daily by 2020, vaulting the nation into the ranks of the world's seven biggest producers...

The U.S. Navy's presence in the Persian Gulf and adjacent waters would be reduced, leaving the region exposed to more conflict... We could see the world becoming a very violent one, if the United States isn't getting any crude from the Gulf, what benefit does it have in policing the Gulf anymore? All of the geopolitical flux that wracks that region regularly suddenly isn't a US problem.

Part 2 coming shortly..