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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: richardred who wrote (186127)10/23/2014 2:53:06 PM
From: elmatador  Read Replies (1) of 206336
 
Brazil wants a high oil price to attract investment to its ultra-deep offshore (pré-sal) oil reserves. But cheap oil is a boon to its farmers, and in the short term to Petrobras, its state-controlled oil firm, which has been forced to import at world prices and sell at a government-capped rate in order to keep inflation artificially low. For the first time in years, it is no longer making a loss on the imports it sells.

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