• 4 minutes Is The Three Gorges Dam on the Brink of Collapse?
  • 8 minutes The Coal Industry May Never Recover From The Pandemic
  • 11 minutes China Raids Bank and Investor Accounts
  • 1 hour Sources confirm Trump to sign two new Executive orders.
  • 5 hours Sometimes I Think Trump Supporters on This Forum Are Russians
  • 23 hours CV19: New York 21% infection rate + 40% Existing T-Cell immunity = 61% = Herd Immunity ?
  • 10 hours No More Love: Kanye West Breaks With Trump, Claims 2020 Run Is Not A Stunt
  • 17 hours In a Nutshell...
  • 3 hours Better Days Are (Not) Coming: Fed Officials Suggest U.S. Recovery May Be Stalling
  • 22 hours A Real Reality Check on "Green Hydrogen"
  • 11 hours During March, April, May the states with the highest infections/deaths were NY, NJ, Ma. . . . . Today (June) the three have the best numbers. How ? Herd immunity ?
  • 2 days Why Oil could hit $100
  • 7 mins Where is Alberta, Canada headed?
  • 1 day Why Wind is pitiful for most regions on earth
  • 8 hours Putin Paid Militants to Kill US Troops

Why Petrobras (PBR) Could Be The World Cup’s Biggest Winner

As an Englishman living in the US, I am feeling very important at the moment. Every American I know is asking my opinion on the World Cup. Why they think I, as a native of a country with a 48 year history of ridiculously exaggerated expectations and abject failure in the world’s biggest sporting event, should have any special insight is a mystery to me, but they do.

The usual question is who I believe the winner will be. This poses a problem. I cannot, in all honesty, satisfy their own ridiculous hopes and expectations by declaring the USA as a possible winner. Not even their coach, Jurgen Klinsmann,  believes that. Nor can I give England as a possible winner with a straight face. The obvious answer, Brazil, is just that… boring and obvious, so I have taken to giving a somewhat quirky answer. When asked who will emerge victorious from the World Cup, I have taken to answering “Petrobras” (PBR).

Believe me I am all too aware that, as the above chart would suggest, Wall Street and the internet are littered with those whose careers have been killed by finding value in the state-owned Brazilian oil company. I have no wish to join their ranks, but the World Cup could provide the catalyst for a turnaround in the company’s fortunes. No, I’m not talking about floodlight use creating electricity demand or more buses and trains running, increasing oil consumption. The way in which 32 national teams kicking balls around over…




Oilprice - The No. 1 Source for Oil & Energy News