Lula Assures Brazilians Bolivia Conflict Won’t Raise Gas Prices

Brazilian President Luiz Inácio Lula da Silva admitted that it was a mistake for Brazil to depend on a single country for over half the natural gas that Brazil consumes.

"It was a strategic error for Brazil to become dependent upon a single energy source that doesn’t belong to us," he commented in a conversation with reporters, after signing the Chaputepec Press Declaration in a ceremony held at the Planalto Palace.

Despite the possibility of a supply cut, Lula said that there is no risk of a gas price hike in Brazil.

"The problem is ensuring Brazil’s gas supply. I am at ease. Gas prices will not increase. I am not worried about this," he said.

"The only thing we must do is to take their side and for them to take our side and for us to find a middle way," the president declared.

This in answer to a question posed by the president of the National Newspaper Association, Nelson Sirotsky, who asked the president about the meeting he will have today in Argentina with the presidents of Bolivia, Evo Morales, Argentina, Nestor Kirchner, and Venezuela, Hugo Chavez.

ABr

Tags:

You May Also Like

Lula, reelected as Brazil's president talks at victory party

Lula’s Win Keeps Brazil on Its Course far from Washington

Luiz Inácio Lula da Silva’s resounding electoral victory with over 60 percent of the ...

Wealthy and caring Zezé Di Camargo

Composer-singer Zezé Di Camargo has become the newest millionaire in Brazilian music and in ...

Brazilian Congress Taking Its Time to Pay Paraguay More for Itaipu

It seems there is a positive attitude in the Brazilian congress towards the consideration ...

Despite Celebrities Participation Ice Bucket Challenge in Brazil Raises a Mere US$ 8,000

In Brazil, the ice bucket challenge, initiated in the US, has raised people’s awareness ...

Despite Oil Prices Brazil’s Market Reaches New Heights

Brazilian stocks advanced, in spite of a rise in global oil prices. Crude oil ...

For Many Men in Brazil, Beating Up Women Is a Right

Many men say they believe they have a right to beat up their wives ...

Joint FBI-Brazil Effort Breaks Up US$ 50 Million Securities Fraud Gang

A US federal grand jury in Miami returned this Thursday, March 20, a 16-count ...

Brazil’s Gang Violence Topples Director of Prisons and Opens Probe on Revenge Killings

Brazil’s São Paulo state top prison official Nagashi Furukawa resigned Friday two weeks after ...

Brazil’s Petrobras Beats 4 Records in 8 Days

Brazil’s oil giant Petrobras reached, this Wednesday, April 6, its fourth record oil production ...

In Brazil 90 Million Have No Sewage Collection

The Inter-American Development Bank (IDB) and Brazil’s Ministry of Cities signed a loan contract worth ...