Brazil has a booming economy although it has slowed or taken a pause recenlty. many foreign companies are investing in Brazil and doing joint venture and all that has resulted in inflation. Still a rise in a new middle class has started in Brazil. one has to be aware that Brazil has a large ethanol fuel program and i think some one posted some fuels have as much as 20 or 25% ethanol. But agree longer term gasoline, diesel etc are going to increase in demand there as well. The also have large mining, and agriculture business and surprise to learn the population is almost that of US.