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segunda-feira, 22 de outubro de 2018

Video: Petrobras to be privatized

This will be the biggest boost for the oil industry
Petrobras is a government organization that has been involved in a series of scandals of money laundering, bribery and misappropriation of funds.  It has lost around 64% of its net worth, hundreds of billions in the last 8 years due to corruption and inefficient operations.  It is incapable of competing in any market.  It not only must be privatized but it has no other choice.  It has become a huge burden to the economy and the Brazilian people in the form of tax revenue and overinflated fuel prices.  This video explains more.

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