Hi, everyone! Yeah, bit late again, so sorry. This week we have a bit of history, talking about how Petrobrás was founded and has made Brazil 8th in oil production in the world, and how it ends up part of daily politics in Brazil, including the Car Wash operation.
As always, we'd like to thank Uoster Zielisnki for the graphic design and the essential workers out there keeping us safe.
1938: Decree-Law 395 29 April established the National Petroleum Council
1939: the first well of oil was found in the countryside of Bahia
1940s and 1950s: establishement of basic industries under the Getúlio Vargas dictatorship and democratic periods
|1947: O petróleo é nosso! (The oil is ours!)|
|Flyer by the Brazilian Communist Party (PCB) - Fundação Getúlio Vargas|
1953: Creation of Petrobrás and the monopoly of all oil-related activities with Law 2004, 3 October, by Getúlio Vargas
|1997: Law 9478, 6 August, by Fernando Henrique Cardoso, ends Petrobrás's monopoly, allowing other companies to act in Brazil. The majority shareholder in Petrobrás is still the Brazilian state.|
|Campaign against the end of the monopoly, by the union of oil workers. 1990. Image by João R. Ripper, in Fundação Getúlio Vargas.|
|2006: Pre-salt is found during Lula's government. In 2010, Law 12351 is passed, stating that 50% of profits from the pre-salt had to go into social development and the other 50% to education. Bill 10985/2018 sough to change that arrangement, but that section was ultimately vetoed by Bolsonaro, becoming Law 14052/2020. The reason given was that the Senate has no budgetary prerogative to make that and other changes.|
|Image by Antônio Cruz/ABr, in Rede Brasil Atual. 2010.|
Sources for the episode (in addition to the links above):