SouthAmerica is an idiot, the second most foolish person on ET. I'm glad Brazil has revealed herself by partnering with Iran.
South America, Rather than your views on someone else's politics and ideology, I'd be far more interested in your views on the new law giving the armed forces police power, and any impact you think this might have on the economy going forward. Do you have any specific comments with regard to Petrobras as or Vale as those are Brazilian companies many of us follow. By the way, I have been to Brazil and am thoroughly in love with your beautiful country. There are clearly difficult social problems, but also many social issues where Brazil is doing far better then the U.S. If you can respond, thanks in advance. I appreciate your knowledgeable posts.
. August 31, 2010 SouthAmerica: Reply to Tom B Based on your postings here on ET forum if I had to guess what the letter âBâ stands for on your screen name â the most appropriated word would be = âBraindeadâ Tom Braindead â that sounds just right. By the way, the latest issue of "The Economist" has a very funny cartoon about the peace process between Israel and Palestine. On top of a boxing ring Barack Obama is holding a sign saying "Round 3,487,874" and he is waiting for the next boxers from Israel and Palestine. Sitting right next to the ring you see Ronald Reagan, George Bush Sr., Bill Clinton, and George Bush Jr. - and they all have a black eye and stars around their head - implying that they had taken a real beating. Poor Barack Obama the last thing he needs right now is have a meeting with a "Moron" such as Netanyahu. What a waste of time.... .
. Piezoe: â¦interested in your views on the new law giving the armed forces police power, and any impact you think this might have on the economy going forward. ***** September 1, 2010 SouthAmerica: Reply to Piezoe When the enclosed article was published in April of 2010 â the article caught the immediate attention of the mainstream media in Brazil and also caught the attention of the Brazilian government. I donât know of any other article that has been published since 1985 that said the following: âI am suggesting that the military should seize power again in Brazil through a coup d'état,â¦â 1) Brazzil Magazine â April 13, 2010 The Brazilian Formula for Success: Dictatorship Written by Ricardo C. Amaral http://www.brazzil.com/component/co...ormula-for-success-dictatorship.html#comments Since this article was published I started receiving information from a Deputado Federal (Congressman) regarding new laws that are in the process of being passed in Brazil that relates to the subject of my article. I hope that the war on the drug traffickers and criminal gangs in Brazil it doesnât get out of control like the one that is going on in Mexico. ********** Piezoe: Do you have any specific comments with regard to Petrobras as or Vale as those are Brazilian companies many of us follow. *********** SouthAmerica: Petrobras it is a very complex subject, and now deepwater oil exploration it has become an even more complex subject after the BP fiasco on the Gulf of Mexico. Deepwater oil exploration - companies are drilling further out into the sea and deeper under the ocean floor, at depths greater than 1000 feet to tap into one of the last remaining pockets of oil and natural gas in the world. Though deepwater was once prohibitively expensive, high oil prices during 2007 and the first half of 2008 made the economics of deepwater drilling feasible. Oil's collapse during the 2008 Financial Crisis has killed the margins of many in the industry, but demand for deepwater rigs is still high. Tied into long-term contracts, companies continue to drill despite falling profits. Brazilian Petroleum Corporation (PBR) is the national oil company of Brazil, with a virtual monopoly of all petroleum exploration and production in the country. In November 2007, the company announced the discovery of the Tupi oilfield, the biggest discovery in the last 20 years worldwide. Estimates from geological studies claim reserves in the range of 5 to 8 billion BOE. To put this in perspective, this field alone increases Brazil's hydrocarbon reserves by nearly 50%. One complication is that the oil is beneath 2000 to 3000 meters of water, making its retrieval a complex and likely expensive deepwater project. As of May 2008, Petrobras had contracted 80% of the world's deepwater rigs, driving dayrates up for the rest of the industry as remaining oil majors like Exxon Mobil and BP compete for the other 20%. You can follow the info about pre-salt at: http://www.presalt.com/ 30 Mar 2010 - by PreSalt.com - Source: Agencia Brasil The model of profit-sharing that will be generated by the exploration of oil layer in the pre-salt (subsalt), proposed by the government to Congress, for the benefit of states, already be approved in next July, according to the minister of Institutional Relations of the Presidency of Brazil. ********* The performance of Vale is tied to what is going on in China for many year to come. ********* September 1, 2010 SouthAmerica: Reply to Piezoe Regarding the oil industry in Brazil I want to remind you of my posting on that subject right on this thread as follows: http://www.elitetrader.com/vb/showthread.php?s=&postid=1910891&highlight=Francisco+Gros#post1910891 May 6, 2008 SouthAmerica: Reply to Robie380 I donât have any connections to Cosan, and I canât help you there. But here is a potential winner in the coming years â just keep in mind this new company. I know Francisco Gros since the time when he was with Morgan Stanley in New York about ten years ago. The last time I got in contact with him it was about 3 years ago when he was the CEO of Fosfertil. But here is a summary of his background: Francisco Roberto André Gros has been the Chief Executive Officer of Fosfertil-Untrafertil since May 2003. Mr. Gros served as Chief Executive Officer of Fertilizantes Fosfatados SA. Mr. Gros served as Chief Executive Officer of Petrobrás since January 2002. In February 2000, Mr. Gros served as President of BNDES while serving as a Director of Petrobrás. And from 1991 to 1992 and also in 1981, Mr. Gros served as the President of the Central Bank of Brazil. By the way, I am not involved in any way with this new company. I just know Mr. Francisco Gros and I know he is a reputable person besides having the knowledge of high finances which is necessary for anyone to be able to run such a company. ***** âOGX Petroleo June IPO to Raise at Least $1.5 Billion, Gros Saysâ By Adriana Brasileiro Bloomberg News â April 7, 2008 April 7 (Bloomberg) -- OGX Petroleo e Gas Participacoes SA, the oil company owned by billionaire Eike Batista, plans to raise at least $1.5 billion in an initial public offering in June to fund exploration projects. .
. Tom Braindead: â¦Brazil's term on the security council will end next year. Brazil will NEVER become a permanent member of the security council. ***** September 1, 2010 SouthAmerica: Reply to Tom Braindead If I were the president of Brazil I would give a deadline of 6 months for the United Nations to study and make changes to the makeup of the âUnited Nations Security Councilâ to become relevant to the world of the 21st century. The current structure of the United Nations Security Council in 2010: The United Nations Security Council is composed of five permanent members: China France Russian Federation United Kingdom United States and ten non-permament members: Austria Bosnia and Herzegovina Brazil Gabon Japan Lebanon Mexico Nigeria Turkey Uganda ************* The new structure of the United Nations Security Council starting in 2011: The United Nations Security Council would be composed of ten permanent members: Brazil China France Germany India Japan Russian Federation South Africa United Kingdom United States and ten non-permament members: xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx *********** As I said above: If I were the president of Brazil I would give a deadline of 6 months for the United Nations to study and make changes to the makeup of the âUnited Nations Security Councilâ to become relevant to the world of the 21st century. If the United Nations did not make these changes by the end of that period, then I would withdraw Brazilâs membership from that organization. Brazil is a great country, and in another ten years Brazil will be among the most desirable places for people to live on our planet â Brazil is already the greatest place on earth for about 100 million people â and I hope Brazil in the coming years become a great place for most of the Brazilian population. The reality is Brazil doesnât need the United Nations for anything, and most Brazilians donât give a shit about that organization. If Brazil gives up its membership on the United Nations, it would not make any difference and it would not affect a bit the lives of most Brazilians. PS: And to commemorate the action of Brazil giving up its membership on the United Nations â the Brazilian government should have a nuclear bomb test to show to the world and make it official the fact that Brazil has an arsenal of nuclear weapons. .
blah blah blah, on and on he goes! Does this creepy wannabe journalist ever stop yammering? September 1, 2010 Earth: Reply to SouthAmerica ---> Fuck off!
I'm liking this chart. Talk about a bumpy ride. Now I'm thinking Brasil, too... http://finance.yahoo.com/echarts?s=^BVSP#chart1:symbol=^bvsp;range=1y;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=off;source=undefined
Brazil is doing very well. I deal with Brazil daily. Cargo and goods are moving through Brazil, energy as well, at higher pace than in a Decade. Brazil is posed for serious growth in the next decade. Their neighbors Bolivia, Surinam, Guyana, Venezuela, Paraguay, uruguagy, Argentina and Chile are all experiening serious growth compared to years ago. That sums up the whole of South America....a great place to tap into for Business.