Replies to post #6777 on The Rising Influence of Rising Affluence

[jbog]

Looks very similar to PMEX from the 80's. The Government screwed it up.

[OakesCS]

Yanyt-poc

Petrobras does indeed have huge problems but they exist by design: it's set up as a wealth transfer device rather than a US style corporation. The writer briefly touches upon the disease with his note about state mandated ship building yet he mysteriously or incompetently is oblivious to the fact that similar sorts of mandates on Petrobras effectively cripple the company. The writer also does the usual apple-orange comparison when trying to juxtapose gasoline imports and oil production. Apparently, he never heard of Mexico.

Journalism is brain dead