Since Brazil happens to have huge oil reserves offshore?

Question

Could it use so-called petro diplomacy against Hugo Chavez's ambitions in South American geopolitics in countering him spreading his 'Bolivan Revoltution"

Answer 1

It could but they will probably do it moderately because they are the one's who have to live with Hugo Chavez.  They use ethanol more than gasoline down there.  We should really study their model and the one currently in use in Iowa so we won't be so reliant on petrol from Venezuela and the Middle East.  Gas would become cheaper because we would have less of a demand for it and they would have no leverage in buying American interests with the threat of oil trade cessation.  It's scary how much power OPEC has.  This is a big reason why Saudi Arabians favored Bush to win the elections, when most of the Arab world did not, because Bush is a friend to big oil refining companies.

Answer 2

wish that would happen but their reserves are not going to come online till the end of the next decade...