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The privatization of Petrobras means the end of hangers and political exploitation disguised as a “social function”.



The privatization of Petrobras means the end of hangers and political exploitation disguised as a "social function".
Photo: André Motta de Sousa / Petrobras Agency

Rising fuel prices are a recurring topic in conversation circles and should be gaining more and more space as the election debate rages on and the tone in campaign material on TV, radio and social media rises. Last week, the Chamber of Deputies approved a bill that would limit the ICMS tax on fuel. And this Tuesday (31), the plenary session was the scene of a violent clash between House President Arthur Lear (PP-AL) and MP Glauber Braga (PSOL-RJ).

The discussion came after Lyra defended the privatization of Petrobras, a move that Glauber and all the leftists with their yearly statism oppose. After the question of “whether Lyra had any shame”, Glauber was almost expelled from the plenum. Lyra is not just a deputy; is the President of the Chamber. And when the president says loud and clear that the privatization of Petrobras is important in the context of containing and lowering fuel prices, it shows that there is strong support for the proposal. It should now take the form of an invoice and show the flexibility that the question deserves in handling it.

With the price of gasoline approaching R$7.00, reducing the ICMS fuel burden in the states is a measure that helps but is palliative. Improving the domestic situation involves opening the market, eliminating monopoly and increasing competition.

Lula, the poll leader, says the problem stems from a lack of investment in Petrobras, a company that the PT government has squandered due to corruption and mismanagement. Coming up with this rhetoric is a return to a dark past. It makes no sense, it contradicts what experts and serious commentators say about the oil refining sector.

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Petrobras is of interest to politicians who view the company as a job hanger where they can appoint directors and gain influence in contracts and drain public resources for their own benefit. The claim that the state should control assets in “strategic sectors” still seduces a significant part of politicians. This delusion must be fought.

Market liberalization in Brazil is slow. This has been happening to Petrobras’ subsidiaries and refineries in recent years and needs to be given more momentum. This would make a significant difference at a time when prices are affected by a domestic market still unbalanced due to the weight of a state-owned company and an international situation where the war in Ukraine and production chains are still recovering from the coronavirus pandemic and the clumsy and interventionist measures taken governments.

Equipped with mixed capital and controlled by the Union, Petrobras is the largest company in Brazil and one of the largest in the world in its field. Turning it over to the private sector requires a political effort that I hope Congress can make as soon as possible.

Today, Petrobras, as a public company, limits competition and competitiveness because private companies cannot withstand the gigantism of the state, which leaves the citizen hostage. The state oil company imposes high costs on the population. A more economical and efficient private structure will have a positive impact on the price. In addition, it will put an end to hanging at work and the temptation of political interference that masquerades as a “social function” of Petrobras.

Text by Douglas Sandry, Electrical Engineer and Parliamentary Counselor. Every Wednesday he participates in the “Direto de Brasília” panel.

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The dollar continues to reflect the political scenario



The dollar continues to reflect the political scenario

Yesterday, financial agents evaluated the opposite decision of the Federal Supreme Court (STF) regarding the so-called secret budget. In addition, a decision was made by STF Minister Gilmar Méndez to issue an injunction that would exclude the Bolsa Família from the spending cap rule, with investors trying to understand how this measure would affect the processing of the transitional PEC in the Chamber of Deputies. Oh this PEC!!!!

Since he is an exchange investor, any reading that the budget will be exceeded or become more flexible will negatively affect the exchange market, whether through the PEC or in any other way. We will continue with volatility today.

Looking beyond, the US Central Bank (Fed), although slowing down the pace of monetary tightening at its December meeting, issued a tougher-than-expected statement warning that its fight against inflation was not yet over, raising fears that rising US interest rates will push the world’s largest economy into recession.

The currency market continues to react to political news. The voting on the PEC is saved for today. It is expected that it will indeed be reviewed to open the way tomorrow for discussions on the 2023 budget.

Yesterday, the spot price closed the selling day at R$5.3103.

For today on the calendar we will have an index of consumer confidence in the eurozone. Good luck and good luck in business!!

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Andrés Sánchez consults with the Ministry of Sports, but refuses a political post.



The former president of the Corinthians dreams of working for the CBF as a national team coordinator. He was consulted shortly after Lula’s election.

Former Corinthians president Andrés Sánchez was advised to take a position in the Ministry of Sports under the administration of Lula (PT). However, he ruled out a return to politics. dreams of taking over the coordination of CBF selectionHow do you know PURPOSE.

No formal invitation was made to the former Corinthian representative, only a consultation on a portfolio opportunity with the new federal government, which will be sworn in on January 1, 2023.

Andrés was the Federal MP for São Paulo from 2015 to 2019. At that time he was elected by the Workers’ Party. However, the football manager begs to stay in the sport, ruling out the possibility of getting involved in politics again.

Andrés Sanchez’s desire is to fill the position of CBF tackle coordinator, which should become vacant after the 2022 World Cup. Juninho Paulista fulfills this function in Brazil’s top football institution.

The former president of Corinthians was in Qatar to follow the World Cup along with other figures in Brazilian football. During his time in the country, he strengthened his ties with the top leadership of the CBF.

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The EU has reached a political agreement on limiting gas prices – 19.12.2022



Germany sentenced Russian to life imprisonment for political murder by order of Moscow - 12/15/2021
BRUSSELS, DECEMBER 19 (ANSA). European Union countries reached a political agreement on Monday (19) to impose a natural gas price ceiling of 180 euros per megawatt hour (MWh). The main sources of income for Russia and the minimization of the use of energy as a weapon by the regime of Vladimir Putin.

The agreement was approved by a supermajority at a ministerial meeting of member states in Brussels, Belgium, after months of discussions about the best way to contain the rise in natural gas prices in the bloc caused by Russia’s invasion of Ukraine. .

The value set by the countries is well below the proposal made by the European Commission, the EU’s executive body, in November: 275 EUR/MWh. However, the countries leading the cap campaign were in favor of an even lower limit, around 100 EUR/MWh.

Germany, always wary of price controls, voted in favor of 180 euros, while Austria and the Netherlands, also skeptical of the cap, abstained. Hungary, the most pro-Russian country in the EU, voted against.

The instrument will enter into force on 15 February, but only if natural gas prices on the Amsterdam Stock Exchange exceed 180 euros/MWh for three consecutive days. In addition, the difference compared to a number of global benchmarks should be more than 35 euros.

Italy, the EU’s biggest supporter of the ceiling, has claimed responsibility for the measure. “This is a victory for Italy, which believed and worked for us to reach this agreement,” Environment and Energy Minister Gilberto Picetto tweeted.

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“This is a victory for Italian and European citizens who demand energy security,” he added.

Currently, the gas price in Amsterdam is around 110 EUR/MWh, which is already a reflection of the agreement in Brussels – in August the figure even broke the barrier of 340 EUR/MWh.

However, Russia has already threatened to stop exports to countries that adhere to the ceiling. (ANSA).

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