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Petroleo Brasileiro ADR Reptg 2 Ord Shs PBR

Alternate Symbol(s):  PBR.A

Petroleo Brasileiro S.A.-Petrobras specializes in the oil, natural gas and energy industry. The Company is engaged in prospecting, drilling, refining, processing, trading and transporting crude oil from producing onshore and offshore oil fields and from shale or other rocks. Its segments include Exploration and Production, which covers the activities of exploration, development and production of crude oil, natural gas liquid and natural gas; Refining, Transportation and Marketing, which covers the refining, logistics, transport and trading of crude oil and oil products activities, exporting of ethanol, and extraction and processing of shale; Gas and Power, which is engaged in transportation and trading of natural gas produced in Brazil and imported natural gas; Biofuels, which covers the activities of production of biodiesel and its co-products, and ethanol-related activities; Distribution, which includes the activities of its subsidiary Petrobras Distribuidora S.A., and Corporate.


NYSE:PBR - Post by User

Post by Paray99on Nov 30, 2022 9:08am
407 Views
Post# 35139161

High oil price is good for the environment

High oil price is good for the environmentHigh oil price is good for the environment, because, less people will drive for silly matter. Initial Covid days proved that there is no need for all those cars on the streets and highways to have the normal (to some extent abnormal) businesses. So, the oil should be priced much high that people will use it more wisely.

So, here goes the oil price, up up and up...
Opec meeting, US SPR end, Russian oil embargo, etc. etc..... more bullish things happening in next few days for oil to climb real high.
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