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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: elmatador who wrote (54400)	9/2/2009 4:45:01 PM
From: carranza2	3 Recommendations Read Replies (1) \| Respond to of 217575

Don't be silly, the GOM is HUGE. And it is in our backyard. In our back yard. It's not a promise; it's a reality. It's in front of us and behind us. Any mirror you care to use works. I know that. The future is about promises, and promises are often broken. Venezuela was once very promising, Mexico too. Argentina, ditto. Ever hear of the dog's breakfast they made of YPF? Will Brazil follow its neighbors' path? Has it learned its lessons? We'll see, only time will tell. Argentina, Venezuela and Mexico all mismanaged their resources horribly thanks to corruption, stupidity and lack of Virtuous Victorian Scottish- Anglo-Celtic Values. I'd say that the dice are loaded against Brazil but, as I said, only time will tell. The problem is that, like its last World Cup team, it thinks that it is a golden nation while in fact it is more full of 'promise' than gumption and hard work, and, like its last World Cup team, may well as a reesult get eliminated, go back to the hyperinflation days. Brazilians need to stick to soccer, carnavale, samba and pole climbing. vbg. They also need to ditch this hypernationalistic fervor you exemplify as it is the foundation for ruin.

To: elmatador who wrote (54400)	9/2/2009 5:33:24 PM
From: carranza2	2 Recommendations Respond to of 217575

I remember when, in the late 1970s, Mexico discovered huge amounts of oil. Probably of the Tupi field size, perhaps larger, and a lot of it onshore or easily accessible offshore. The spin then was similar to what the spin about Brazil is now. A brand new day! End to poverty! BMWs for everyone! Yeehaw! Then the corrupt Mexican system and declining oil prices derailed everything. You cannot deny that corruption in Brazil is substantial and a serious problem. Corruption will kill off all the riches oil might bring to Brazil. And it definitely exists, even at Petrobras: bloomberg.com Don't count your blessings yet. They can disappear quickly. Lots of oil is a curse for a country, the worst thing that can happen to it [unless, like Norway, the country and its society is imbued with the correct Virtuous Victorian Scottish-Viking-Celto-Anglic Values]. I'll let you figure out why.