August 31, 2023
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Lula da Silva, one of the most important political figures in Brazilian history and on the Latin American left, returned to power for a third presidential term earlier this year, promising social, economic and environmental improvements reminiscent of his first two presidencies.
However, this time he does not have the luck he had in the past and, in an international scenario committed to reducing the use of hydrocarbons, Lula may find himself at a terrible crossroads that could put an end to the famous Brazilian oil industry.
How did Brazil become an oil power? What role did oil play in Lula's first two presidencies? Will Lula change his position on oil to comply with the climate agenda? Will this be the beginning of the end of Brazilian oil? Today we tell you.
Interesting links:
Arndt, Abby and Chase Harrison. 2023. "Seven Numbers to Understand Lula's First 100 Days." Americas Society/Council of the America (AS/COA). At
Braga, Luciana. 2018. "Oil in BrazilEvolution of exploration and production". Encyclopédie de l'energie. In
Ferrari Filho, Fernando and Fábio Henrique Bittes Terra. 2023. The Political Economy of Bolsonaro's Government (20192022) and Lula da Silva's Third Term (20232026). Economic Research 82 (324)2750. In
VV.AA. 2023. "Lula's ambitious plans to save the Amazon clash with reality". The Economist. At
#Brazil #Oil #VisualPolitik
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