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September 11, 2008 [LINK / comment]

Will Brazil join OPEC??

In yet another sign of how topsy-turvy the world is becoming, OPEC has invited Brazil to become a member of the elite petroleum exporting quasi-cartel. (A genuine cartel would control supplies on a consistent basis, and OPEC only does so on occasion.) Actually, it was Iran that made the invitation, and strategic (anti-U.S.) considerations no doubt played a big part in this gesture of "Third World solidarity." Historically, Brazil has been dependent on a very large share of its energy needs, which is why it has invested so much into ethanol fuel production, mostly made from sugar cane. A major discovery of offshore oil reserves was made in April, and this could be the break that would finally make Brazil into a actual superpower, as opposed to a superpower of the future. See BBC.

Posted (or last updated or commented upon): 11 Sep 2008, 9: 20 PM

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Blog highlights have been compiled for the years 2010-2012 thus far, and eventually will be compiled for earlier years, back to 2002.


The "home made" blog organization system that I created was instituted on November 1, 2004, followed by several functional enhancements in subsequent years. I make no more than one blog post per day on any one category, so some posts may cover multiple news items or issues. Blog posts appear in the following (reverse alphabetical) order, which may differ from the chronological order in which the posts were originally made:

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