The Petrobras Powerhouse

Jose Sergio Gabrielli de Azevedo,CEO of Brazil's state oil firm Petroleio Brasileiro,or Petrobras(PBRa),predicts we are going to see a very high level of volatility in the oil markets over the next five years.There will be a very high level of price with a very heavy level of volatility.Petrobras is bigger than General Electric(GE)or Microsoft(MSFT),being the fifth largest company in the world.Its Tupi oil field will have an extended production test in March of 2009,and will enter a pilot production period at the end of 2010.It is a very deep field,requiring new types of technology.