Brazil's Booming Economy

Brazil's economy has been doing considerably better than America's as well as the world's at large. This puts them in a good global position, and with an annual economic growth rate of 5%, there is much optimism for Brazil's future. To add to this optimism is the fact that a vast oil field was newly discovered there, quite possibly making it the third largest in the world. A political scientist at the University of Brasilia contends that, "Brazil is going to be a major petroleum power," which he says will lead to, "political power." In the ever changing world that we live in, I argue that this seemingly jackpot find, isn't as magnificent as some article make it out to be. I argue that in the near future countries will gain immense power not when they find a new oil field, but when they find a sustainable alternative source of energy. So although, Brazil's find may be cause for immediate celebration, I think it would be more beneficial to invest in research and development for alternative energy sources, especially since Brazil has one of the largest populations in the world, and uses a considerable portion of energy to support that population.