22 July 2011

BRASIL: New Oil Riches Bring New Disputes Among 27 States.

                              WSJ / J. Fick
    "...a growing debate over how to distribute the newfound wealth threatens to delay development of reserves that could transform the country into one of the world's largest crude exporters.
     A political firestorm has erupted that pits Brasil's rich oil-producing states of Espirito Santo, Rio de Janeiro and São Paulo against their poorer sister states, which don't share a border with the offshore oil areas and want a share of the bounty."