RIO DE JANEIRO -- This country, famed for its development of sugar-cane-produced ethanol, could become one of the world's great oil powers -- if its state-controlled energy company, Petrobras, can tap a potentially massive deposit beneath the South Atlantic Ocean. Experts believe the deposit, in the Tupi field 180 miles off the southeastern Brazilian coast, holds up to 8 billion barrels of light oil and natural gas. If confirmed, the deposit would be the largest petroleum find in seven years and would propel Brazil to the No. 12 position in oil reserves, after the United States and ahead of...
photo: AP/ Petrobras, HO
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