Will Brazil Really Nationalize Oil? [View article]
Current PBR net oil exports = 0 Probable future PBR net oil exports = 0
So this is much ado about nothing. I warned you about Petrobras two months ago. It's a state controlled NOC. Tupi is a tight gas prospect. It doesn't matter a hoot whether Petrobras is renationalized.
I agree that US domestic policy is crucial and that the political outlook is bleak. I expect gridlock in Washington, populist "windfall taxes" and adverse green regulations. $200 oil seems more likely than $70.
Will Brazil Really Nationalize Oil? [View article]
Probable future PBR net oil exports = 0
So this is much ado about nothing. I warned you about Petrobras two months ago. It's a state controlled NOC. Tupi is a tight gas prospect. It doesn't matter a hoot whether Petrobras is renationalized.
I agree that US domestic policy is crucial and that the political outlook is bleak. I expect gridlock in Washington, populist "windfall taxes" and adverse green regulations. $200 oil seems more likely than $70.