Monday, April 11, 2011

Import Brazil's Oil Policy, Not Brazil's Oil

In 1980, Brazil imported 77 percent of its oil.  Now, it imports 0.0 percent. During that same period, America increased its oil imports from roughly 30 percent to 70 percent.  If Brazil can become completely self-sufficient in oil, why can't America start becoming more self-sufficient? Brazil is one of the BRICs, an acronym that refers to the nations of Brazil, Russia, India and China, the rising powers. The BRIC have been ... MORE

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