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Pastimes : Discussion Thread -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (3307)	3/9/2009 11:27:21 AM
From: TimF	Read Replies (2) \| Respond to of 3816

And the irony......they are led by a socialist! Well if you generate less wealth in the first place, you have less to lose... Oil companies worldwide are slashing investment, but Brazil's state-run Petrobras is going ahead with a four-year, $174 billion expansion plan. Usually its the opposite. State run oil companies underfund investment because they use the oil wealth as a cash cow, extracting the most they can from it in the short run. But perhaps Petrobras is an exception. These days he's a pragmatist Then maybe not so much a socialist, at least not strongly moving his country that way.