Brazil – a new oil giant?

Another article about the international scene, focused on a newly discovered oil reserve off the coast of Brazil.  One line in particular struck me – “Brazil’s president Luiz Inácio Lula da Silva called the find ‘a gift from God’ that would thrust Brazil to the list of top oil exporters and help end the nation’s wealth disparities.”

Sounds familiar.  Country finds great amount of wealth in natural resources.  Promises of said wealth increasing the well-being of everyone in the country.  Richest of the rich benefit, lower classes exploited by corruption and greed.  

I hope it turns out differently for Brazil.

Brazil as a new kind of oil giant (CS Monitor)


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