. February 2, 2006 SouthAmerica: Here is another current example of the declining influence of the United States in Brazil â and at the same time it is also an example of how the Bricâs are building its foundations for the future. (Bricâs is the emerging superpower of the future = Brazil, Russia, India and China) On January 31, 2006 the Financial Times of London published an article âONGC set to buy stake in Brazil oilfieldâ by Khozem Merchant in Mumbai. The article said: â Indiaâs state owned Oil and Natural Gas Corporation has agree to pay $ 1.4 billion dollars to buy Exxon/Mobilâs 30 percent stake in a field in Brazilâs Campos Basin, securing its first asset in the regionâ¦ The other two partners in that project are: Petrobras (The Brazilian oil company) and Royal Dutch Shell with 35 percent share each. ******** SouthAmerica: I donât understand the United States position regarding oil â the United States starts a war with Iraq to secure future oil supplies to the United States and at the same time American companies are selling oil assets in a war free area such as Brazil. China is taking away from the United States a major source of its oil supply right next door in Venezuela. Saudi Arabia just made an agreement for the Chinese to help them to develop new oil fields in Saudi Arabia and sell the oil to China. It is just a matter of time for the oil fields of Iraq to be under Iranâs complete influence. The Russian oil will supply Europe - which is closer and also needs lots of oil. .