How a Sleepy Oil Giant Became a World Player - WSJ.com
My Comments:
As this article points out, Petrobras is a success story, benefiting in part, from Chavez intervention of PDVSA. However, you could have read the same success story about PDVSA 10 years ago (prior to Chavez). The point is that all it takes is populist - left wing President to destroy this success story. It is not far-fetched to imagine a "Chavez style" government in Brazil. Look at Bolivia, Ecuador, Nicaragua, Cuba, and to a lesser extent Argentina and almost Mexico (if Lopez-Obrador would have won)
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