Rising Brazil: The Choices Of A New Global Power
What should we expect from a newly powerful Brazil? Does the country have the capacity and leadership to be a central actor in addressing critical global and regional problems?
The Oil from Ipanema
Marinelson Almeida / Flickr / CC BY 2.0
Brazil has vast oil reserves, but can the Bolsonaro government get the energy to market? Lisa Viscidi tells Richard Miles of CSIS that reforms are already in place that will enable oil production “to take off.” The real obstacles are the financial stability of Petrobras, the shaky state oil conglomerate, and the monopoly that the state has on most aspects of energy production, delivery, and even retail sales. She also comments on market worries about Mexican president López Obrador’s commitment to existing energy contracts, and the huge effect of sanctions on Venezuelan oil production.
LISTEN TO THE FULL EPISODE OF 35 WEST, THE PODCAST OF THE CSIS AMERICAS PROGRAM, HERE.
[embed]https://soundcloud.com/csis-57169780/the-oil-from-ipanema[/embed]
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