With Venezula, Comlombia, and Ecuador pounding the war drum I have to think that this can not spell good news for (PBR) Petroleo Brasileiro. With Venezuela providing 10% of US oil and Correa in Ecuador teaming up with Hugo Chavez you have to imagine that Bush will jump in if things get icky.
Again I can't imagine that this will spell good news for PBR.
With this region becoming geopolitically hot and Oil consumption probablly going down. I would revise my $100 price point to $80-90.
Short PBR and watch Latin America
