In a recent article by The Fuze, we are reminded of the continuing fallout from “Operation Car Wash.” The level of corruption found within Brazil’s Government and State-Owned oil and gas company Petrobras was staggering. The article notes that the current president, who led the energy reforms for Brazil to invite international investments, has now been implicated in the bribery investigation due to some unfortunate tapes that have surfaced. The Brazilian people deserve better. Brazil’s economy is at stake. Not because of its lack of natural resources, but because of the unfortunately negative impact of its elected officials greed. What is equally amazing is the speed at which information travels in the information age. Indeed, the world wide web is a powerful tool for any side of the debate. What is clear is that Brazil has a chance to not only recover, but to prosper. This is because international companies with expertise in the oil & gas sector are seemingly prepared to invest billions of dollars into Brazil’s economy. The article mentions that, “Royal Dutch Shell has already said it will spend $10 billion in Brazil over the next five years…” Furthermore, “Total” recently spent hundreds of millions to acquire stakes in some of Brazil’s pre-salt. With such industry leaders as these Brazil has a chance to dig itself out of a troubled future. The future of the global energy economy is a transparent one. The clouded secrecy and back room deals that have brought Brazil on the brink with thievery at the highest levels can be overshadowed by international businesses that put forth clarity in their dealings. Because of this investment potential Brazil has hope in the long run.
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