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Non-Tech : The Brazil Board

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To: THE ANT who wrote (1373)	11/6/2014 11:44:05 PM
From: elmatador	Read Replies (1) of 2504

Pre-salt oil crashed the Brazilian economy. "Once we needed to allocate resources for these endeavors, fewer resources were available for more general uses. With fewer resources for general activities, economic growth has become inhibited. This has tended to lead to fewer jobs, especially good-paying jobs. It also makes debt harder to repay. History shows that many economies have collapsed because of diminishing returns." oilprice.com Brazil has to quickly do a 90º turn away from Pre-sal oil. Plough the investment that are all going to pre-salt oil in infrastructure and soften the terms of exploration of pre-salt oil. Brazil does not need to export oil, and there won't e a market for surplus oil anyway, just nee to keep self sufficient and have reserves to replenish the oil produced.

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