Description:   In 2007, Brazilian geologists made the biggest oil find in the Americas in three decades. Buried more than five miles below sea-level, the discovery was estimated to raise the country’s crude reserves by 62 percent.

Source:  Bloomberg.com

Date: 03/13/2012

Link:  http://www.bloomberg.com/news/2012-03-13/brazil-faces-new-oil-boom-curse-as-the-world-s-resource-engine.html

Questions for discussion:

• Summarize the issues raised in the article about resource based industries?
• How can investors inside and outside Brazil be expected to respond?
• How will the currency likely be affected as resources rise or fall in value?
• What are the implications for investors?