Brazil increasingly dependent on oil exports and energy production

Tuesday, November 19th 2024 - 09:19 UTC

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Crude oil has become Brazil’s main export product surpassing agribusiness and mining, according to the country’s hydrocarbons company Petrobras CEO Magda Chambriard. Brazil is not also becoming highly dependent on oil exports but also in energy generation. Read full article

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FortHay
So what is this 'dependency'? Is it not better to achieve and surpass energy self-sufficiency than remain dependent on hard currency petroleum imports? If Brazil uses the income wisely and does not squander it like Ecuador and Venezuela have, the net impact should be positive for the average Brazilian. Having said that, I (along with everyone) am still waiting for a drop in fuel prices.
Nov 21st, 2024 - 05:11 pm - Link - Report abuse 0
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