Bank of the SOUTH

this past december 9th marks the beggining of a new era without IMF and World Bank, for Venezuela, Brazil, Ecuador, Bolivia, Paraguay and Argentina, this a new era that those South america countries would help each other with own money and would not ask again for more "expert" advice of IMF that made so great damage to the region.

Venezuela took out more of his money from IMF so that means another crisis for that US Organization that has lost a lot of revenues cuz most of the countries pay their lends

THE NEW 7 SISTERS

The “new seven sisters”, or the most influential energy companies from countries outside the Organization for Economic Co-operation and Development OCDE, have been identified by the Financial Times Newspaper.

They are Saudi Aramco, Russia’s Gazprom, CNPC of China, NIOC of Iran, Venezuela’s PDVSA, Brazil’s Petrobras and Petronas of Malaysia.

They control almost one-third of the world’s oil and gas production and more than one-third of its total oil and gas reserves. In contrast, the old seven sisters – which shrank to four in the industry consolidation of the 1990s – produce about 10% of the world’s oil and gas and hold just 3% of reserves.

Even so, their integrated status – which means they sell not only oil and gas, but also gasoline, diesel and petrochemicals – push their revenues notably higher than those of the newcomers. This article also said what happen with PEMEX (Mexico) that lost most of their vertical integration and it’s dying because the Mexican government put lots of taxes on the company.

FINANCIAL TIMES SOURCE

AMAZONAS INC.

President Lula from Brazil has a new plan to “sell” the Amazons Jungle to enterprises, Brazil is going to put in public sell nearly 5.000.000 Km² and could be exploted for “only” 40 years, main reason for doing that is that most of the land is being taken illegally by people. Brazil is going to get lots of money for sustainable exploit of the jungle and maybe they can discover some new natural medicines, the project is base in terms like Sustainable, protection of biodiversity and the protection of woods.

AMAZONS facts (EARTH lung)

Jungle is on 9 countries and reaches 9.000.000 km²

Even today it has a lot of uncategorized animals and 2.5 millions of insects

1 square kilometers of jungle has 75,000 types of trees and 150.000 different plants

This jungle lost nearly 19.000 km² every year