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Originally Posted by robh
Being self sufficient in oil is good for stability, which is one reason that Brazil was upgraded.
I presume you are talking about the US and their too cheap fuel? The US subsidises oil so of course it is comparatively very cheap, but that can't and won't last for ever.
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They just don't tax it to death.
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Did you actually watch the same video? He did say that Brazil's growth rate has picked up massively in the last six months.
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Yes, the BRICS are aprox. have approximately half the GDP of the U.S. and many have asked why they don't drop the B(Brasil) in BRIC and he has seen the GDP pick up in the last 6 months.