09/21 Closing prices / revised 09/22/2023  06:30 GMT  |    09/20    OPEC Basket      95.81        –1.08 |    09/21   Mexico Basket (MME)   $86.79  +0.01 06/23  Venezuela Basket (Merey) $57.37  + 1.15 ( from previous month)  (Est. OPEC)  | 09/21    NYMEX WTI Texas Intermediate  October  CLV23  $89.63     -0.03  | 09/21    ICE Brent November  BRNX23   $93.30   -0.23 | 09/21    NYMEX Gasoline October  RBV23    $2.62    +0.07   09/21    NYMEX  Heating Oil  October HOV23   $3.37     +1.2%   |  09/21    Natural Gas October NGV23    $2.84      -2.8%    09/15   Active U.S. Rig Count (Oil & Gas)    641      +9 | 09/22    USD/MXN Mexican Peso   17.1960    Live data  | 09/22      EUR/USD  1.0653    Live data  | 09/22   US/Bs. (Bolivar)      $33.9289000  ( data BCV)    |

Lula and Biden Have Many Problems in Common – Bloomberg

Broken glass at the Planalto Palace following attacks on government buildings by supporters of former President Jair Bolsonaro in Brasilia in January.
Broken glass at the Planalto Palace following attacks on government buildings by supporters of former President Jair Bolsonaro in Brasilia in January.(Arthur Menescal/Bloomberg)

Alan Crawford, bloomberg News
EnergiesNet.com 02 10 2023

On the face of it, US President Joe Biden and his Brazilian counterpart, Luiz Inacio Lula da Silva, have a lot in common.

Biden, 80, and Lula, 77, are political veterans who share a humble background, and espouse a progressive politics of social equality and a commitment to fighting climate change.

Both overcame populist opponents — and each is still grappling with a deeply polarized society that saw eerily similar right-wing insurrections targeting the heart of democratic institutions.

Yet sparks might still fly when Biden welcomes Lula to Washington today.

Lula has made it clear that he won’t simply fall in behind the US, and will make his voice heard on international affairs.

As Simone Iglesias and Jordan Fabian write, he has shunned attempts to get Brazil to support Ukraine’s war effort, suggesting Kyiv shares the blame for Russia’s invasion.

Where US-China ties have soured further over the downing of an alleged surveillance balloon, Lula is pushing his own peace plan for Ukraine, with China as a possible mediator. He’s set to visit Beijing next month.

The Brazilian leader also wants US embargoes on Cuba and Venezuela dropped, a demand that’s likely to go nowhere with Biden.

Adding to the potential awkwardness, there’ll be an elephant in the room when they meet: common adversaries brooding in Florida.

Former Brazilian President Jair Bolsonaro has been vacationing in the Sunshine State since Dec. 30, while former US President Donald Trump, a Bolsonaro ally, has based himself in Florida as he prepares for a potential rematch with Biden in 2024.

For all the outward similarities, the fact that Democrats are pushing for his expulsion makes Bolsonaro’s continued presence in the US Biden’s problem more than Lula’s.

The Brazilian leader gives every sign of being perfectly happy for it to remain so.

President Lula Hosts German Chancellor Olaf Scholz
Lula in Brasilia on Jan. 30 Photographer: Arthur Menescal/Bloomberg

bloomberg.com 02 10 2023

Share this news

Support EnergiesNet.com

By Elio Ohep · Launched in 1999 under Petroleumworld.com

Information & News on Latin America’s Energy, Oil, Gas, Renewables, Climate, Technology, Politics and Social issues

Contact : editor@petroleuworld.com

CopyRight©1999-2021, EnergiesNet.com™  / Elio Ohep – All rights reserved

This site is a public free site and it contains copyrighted material the use of which has not always been specifically authorized by the copyright owner.We are making such material available in our efforts to advance understanding of business, environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a ‘fair use’ of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have chosen to view the included information for research, information, and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond ‘fair use’, you must obtain permission fromPetroleumworld or the copyright owner of the material.

Scroll to Top