I found this funny (in a tragic sense) quote in this MSNBC article about Brazil’s Oil Bonanza:
“Founded in 1953 to fend off an economic crisis and dependency on foreign oil, Petrobras has long embodied Brazilian nationalism and the notion of shielding domestic wealth from foreigners — particularly the United States and Europe.
In 2008, Brazil’s total oil and natural gas production was nearly 2.3 barrels per day. Petrobras was responsible for more than 96 percent of it.
“Most Brazilians think of Petrobras like they think of their soccer stars,” said Eric Smith, an offshore oil expert at Tulane University in New Orleans who likened efforts to get at Brazil’s oil to a trip to the moon. “Try to find Americans who support Exxon like that.”
First of all, what is up with Tulane? Not satisfied with a imported loon they have local loonies too?
By the way, even if this is really true (in which case I can only feel even worse for Brazilians in general) I think it is pretty clear that to compare Petrobras with Exxon is a bit crazy right?
Even though to me I’d think that Americans should indeed like Exxon much more. After all, gas prices are much, much higher in Brazil than in the US…