Here's an excerpt from James A. Baker study of '04:
“We want to leave the ranks of Brazil companies and join the international oil & gas club.”1 Henri Philippe Reichstul, former Petrobras CEO
"Should Brazil continue to deregulate and privatize its state-owned oil and gas sector? In answering this question, social scientists, government officials, non-governmental organizations (NGOs) and energy industry experts alike must start with the humbling realization that although there is much conventional wisdom on privatization in general, the comparative study of the privatization of state oil and gas companies in transition economies is still in the early stages of development . . . "
Makes for good reading! (It's available online so if you want to read the report in its entirety, I'd suggest a key word search.) Petrobras, as we know, is progressive . . . and Brazil, too, to a large degree. Have the stars aligned for something more than what we know today? As previously stated, "Now that would be a trip, wouldn't it?!" : )