Brazil Takes More Control of Oil Fields, With Long-Term Risks - NYTimes.com - 0 views
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liz solomon on 09 Sep 09The Brazilian Government is starting to directly control oil extraction in order to put their global power status in place. Brazil hopes for Petrobas, a national oil company, to take control of the deep sea oil fields. Although Brazil is still struggling with poverty, illiteracy and inequality, they hope to increase their oil production to 5.7 million barrels a day by 2020.