Hazard games in the oil business.

Brazil Takes More Control of Oil Fields, With Long-Term Risks - NYTimes.com: "“What if we have a technological breakthrough in renewable energy, and five to eight years from now the price of oil is not what it is today?” Mr. Garman said. “Is Brazil going to maximize investments now or keep the oil in the ground for longer?”"

I ventured the other day on the notion that Brazil wanted to play its own game and this article supports that. Apparently they have found oil in the deep sea outside Rio de Janeiro that would give Brazil a fortune. It will be very expensive to develop. $600B over the next 20 years.

I selected this citation, however, because apparently there is so much going on on the development of renewable sources of energy that they have to factor this in their plans. A positive note in my humble opinion.