Friday, December 19, 2008

"Petrobras Is Our Space Program"

That's how a top Petrobras official termed it. It's about national greatness. Will a country like Brazil countenance massive demand destruction for oil, the likes of which we are getting a taste of today, at the expense of their 'space program'. No. Count Brazil out of anything but the phoniest and most meaningless global action on climate change.

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