Economy & Energy
Year III - No 14 May/June 1999
New Petroleum Era
Brazilian Energy Sector 1998/1999
Brazilian Energy Balance
Following the Brazilian Economy:
Brazilian Public Debt
Thursday, 10 July 2003.
Genserico Encarnação Jr.
About two years ago I wrote an article with a title similar to this
one. In that article I argued that recent history is deeply concerned with petroleum.
Technological advancements, wars, wealth, coup d'etat and many other misfortunes,
namely, good and evil, have originated in the "black gold" business. Petroleum
has indelibly marked the century that is just ending.
On that occasion I made my comments, trying to participate in
the debate about the change in the legal and institutional petroleum industry situation in
Brazil. Now, with the decisions already taken, I return to the subject aiming at the
interests of Espirito Santo state, in view of its potential in this sector and the
transition moment for the new national model, open and favoring privatization.
Brazilian Energy Balance 1998