Roberto Rodrigues, former minister of Agriculture of Brazil and current coordinator of the Agribusiness Center at the Getúlio Vargas Foundation (FGV) discusses Brazil’s new Tupi oil field.

There are reports that the new Tupi oil is much better than most of Brazil’s other oil and that there are 5-8 billion barrels of oil.

What about refining the oil in Brazil into gasoline and mixing 10 percent ethanol into the gasoline before exporting it to Asia?