uderman

Brazil's Oil Power Grab Could Hit Petrobras

Lula, our president, did stated several times that Petrobras will be fortaized, with the help of the govern, with Pre-sal exploration.

What is likelly to happen is that the govern will buy more participation of Petrobras shares, buying it with the Pre-Sal oil to be explored.

A new company to explore the oil is madness and will not happen. But the govern will raise it's participation on the profits of the exploratioin, and create a found to be invested in misery elimination and education.

Don't worry, Petrobras will be fortalized with this.

- Uderman