The value of Antarctic oil in the future

On Wednesday (15), Brazil is expected to inaugurate a new basis for scientific research in Antarctica. With an expensive and modern structure, the government is investing in the production of research in areas such as oceanography, biology, glaciology and meteorology. However, when it comes to the oil industry, what would be the country's reason for investing in the region?

In addition to geopolitical, environmental and scientific factors, experts estimate that Antarctica could house a reserve of 200 billion oil barrels, which would be a much higher capacity than countries in the Middle East.

However, an important issue is that despite oil antarctic antarctics be extremely difficult to achieve and the Madrid Protocol banned mineral exploration on the continent for 50 years, experts opine that Antarctica can be a light at the end of the tunnel when the world is desperate for energy in the future.

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