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Non-Tech : The Brazil Board
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To: DewDiligence_on_SI who wrote (897)4/17/2012 1:23:05 PM
From: elmatador   of 2508
 
If a country leave all to the control of a company, company will milk the profits for all it is worth and country ended up importing gasoline, diesel as well as crude itself. Crude is left deep down the ground because there is no investment.

Brazil doesn't want PBR to be such company.

Brazil by creating national champions, such as PBR and Vale can dominate theses sectors by ploughing back money into the business.

Once in production kicks in, it will be like shareholders having an ATM in their backyard.
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