This group brings together the best thinkers on energy and climate. Join us for smart, insightful posts and conversations about where the energy industry is and where it is going.

Post

Brazil: Mess is the name of the game

image credit: Rafael Herzberg

Brazil: Mess is the name of the game

In the last few days, the Government's interventions in Petrobrás (a huge oil company - state controlled) and the indications that something similar should happen with the "electricity bill" has generated an important confusion in the market.

The stock index fell and a lot. Petrobras fell sharply. The Dollar went way up. The lay name for this state of affairs is mess.

The official signage generated is of institutional fragility, lack of strategy, untimely actions, disrespect for the governance and compliance criteria that officially characterize the statutes of companies controlled by the State.

But who cares? There are no interlocutors who can defend the legitimate interests of the controllers of these companies. An environment of arbitrariness is established. And who will pay the bill, as always, is the Brazilian people.

Rafael Herzberg's picture

Thank Rafael for the Post!

Energy Central contributors share their experience and insights for the benefit of other Members (like you). Please show them your appreciation by leaving a comment, 'liking' this post, or following this Member.

Discussions

Spell checking: Press the CTRL or COMMAND key then click on the underlined misspelled word.

No discussions yet. Start a discussion below.

Get Published - Build a Following

The Energy Central Power Industry Network is based on one core idea - power industry professionals helping each other and advancing the industry by sharing and learning from each other.

If you have an experience or insight to share or have learned something from a conference or seminar, your peers and colleagues on Energy Central want to hear about it. It's also easy to share a link to an article you've liked or an industry resource that you think would be helpful.

                 Learn more about posting on Energy Central »