02 September 2009

Lula's Oil Plan Will Cause Congressional Debate.

BLOOMBERG.COM.
"Brasil's President Luiz Inacio Lula da Silva’s proposal for increasing government control over oil reserves will stir debate in Congress that could delay approval, opposition leaders said.
Lula attached an urgency clause to the bills that would require A VOTE WITHIN 90 days. Opposition parties began a filibuster in the lower house and are demanding the clause be removed, Gustavo Fruet, a deputy with the Social Democracy Party, Brazil’s biggest opposition party, said in an interview."