Brazil’s new oil field on WABC radio with John Batchelor on Driving the Nation

John Batchelor talks to Lou Ann Hammond, CEO, www.carlist.com from Sao Paulo, Brazil. Brazil has announced a new oil field, Tupi, that holds 5-8 billion barrels of oil and natural gas.

Brazil makes alcohol out of sugar cane. Brazil is off the dependence of foreign oil. 75-80 percent of Brazilian cars are flex-fuel. Alcohol is mandated by the government to be in gas stations, as well as having alcohol in gasoline.

In US dollars a gallon of gasoline in Brazil will cost $6.70 and alcohol costs $3.80 a gallon.

How much will it cost to produce this oil and does Brazil have other energy problems?

About the Author:

Lou Ann Hammond is the CEO of Carlist and Driving the Nation. She is the co-host of Real Wheels Washington Post carchat every Friday morning and is the Automotive, energy correspondent for The John Batchelor Show and a Contributor to Automotive Electronics magazine headquartered in Korea. Hammond is a member of the North American Car and Truck of the Year (NACTOY), Women's World Car of the Year (WWCOTY), and the Concept Car of the Year.

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