Brazil: Reactions to a Proposed Energy Law
September 3, 2009
With the current financial crisis, we have to be even more astute in locating worthy investment opportunities. I've written lately about choices we're facing as a country – but we have choices as individuals as well: choices that demand solid insight to make well-informed decisions and recognize opportunities at a time when they're not as plentiful as they used to be. It's not enough to know what's happening on Capitol Hill or Wall Street, we must expand our investigations to a global perspective.
I'm including an article by my friends STRATFOR, a global intelligence company, about a proposed law in Brazil to regulate the country's massive deep-sea oil reserves, which could make it a major oil exporter. It's just one example of the kind of event you need to be aware of if you're at all interested in global energy and investment. I recommend that you browse through the rest of STRATFOR's material, and check out their special offer for my readers. They provide just the kind of exclusive global insight you need.
John Mauldin, Editor
Outside the Box
subscribers@mauldineconomics.com
Brazil: Reactions to a Proposed Energy Law
September 1, 2009 | 1938 GMT
Summary
Brazilian President Luiz Inacio Lula da Silva submitted a proposal for a new oil law to the country's legislature. The proposal favors state-run energy company Petroleo Brasileiro SA (Petrobras) and shows that Brazil intends to protect its national interests when it comes to deepwater oil exploration and development.
Analysis
After a government review that began in 2007, Brazilian…