Natural Gas pipeline cutting through the Amazon rainforest moves forward
Venezuelan President Hugo Chavez said today that the proposed pipeline that will cut through the Amazon rainforest will move forward. The 5000 mile pipeline is supposed to spread "economic prosperity" throughout South America. Leaders from Brazil, Venezuela, and Argentina will meet again on March 10, 2006.
Chavez says the pipeline will be completed in seven years.
Apparently several asian companies, including some from China have agreed to invest in the pipeline. Their goal is to convert the automobiles to natural gas therefore allowing for more oil exports.
"The pipeline would stretch from Caracas, Venezuela, to Buenos Aires, Argentina, cutting through Brazil's Amazon rain forest. It would also link to Bolivia, Paraguay, and Uruguay.
Chavez played down concerns that the pipeline would create competition for Bolivian natural gas and called on that country's president-elect, Evo Morales, who takes office Sunday, to sign on to the plan."
More information can be found at:http://www.cnn.com/2006/WORLD/americas/01/19/brazil.summit.ap/
Time will tell how this all plays out. There are many barriars, but in this day and age anything can be overcome.
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