Showing posts with label petroleum. Show all posts
Showing posts with label petroleum. Show all posts

Thursday, March 17, 2011

Obama goes to Brazil…it is all about business!


Mr. Obama arrives in Brazil tomorrow and will be speaking in downtown Rio de Janeiro. The speech will be free and open to the public. The main and most important speech is by invitation only.

Needless to say that the secret service and the Brazilian Elite Squad will be working very hard and the security measures will be all time high.

The frenzy is undeniable. Brazil is the seventh largest economy with 7.5% growth last year. The real which is the Brazilian currency is getting stronger. The trading between United States and Brazil is US$ 80 billion and has double these last five years. Brazil is the largest Florida commercial partner. Do we have to mention the petroleum?

Last but not least, the coveted World Cup will be held in Brazil in 2014 and the Olympic Game will be held in Rio de Janeiro in 2016. After all said and done, due to the international well known logistic bottleneck in Brazil, it is expected to be invested more than US$ 200 billion in airports, roads, public transportations, hotels, sport facilities, etc. Get ready!