Hopefully this will be good news for Brazil in the long run - but I worry that becoming a major oil exporter will be much worse for the Brazilian people. The ideal workforce to make a country rich from technology and innovation is a well-educated, relatively free one that can experiment and be creative. The ideal workforce to make a country rich from a natural resource is a poorly educated one that will fall in line with the regime that controls the resource. Monopolies and tyrannies are bad for hacking but great for pumping oil.