With the war between Russia and Ukraine, several commodities have had their prices boosted in recent days. So much so that oil reached its highest level since 2008 on Monday (7), when Western countries weighed an embargo on oil from Russia, the second largest exporter in the world.
And some countries are considering measures to try to contain the rampant rise in the cost of a barrel. According to the analyst CNNThaís Herédia, Palácio do Planalto convened oil and gas market specialists to hear suggestions for resolving the fuel price shock.
The war broke out and the government needs to adopt a public policy to subsidize the prices of diesel and gas cylinders, as a priority. Without this, we run the risk of shortages,” said one of the analysts who requested anonymity.
However, in an interview with CNNDavid Zilberstein, former director of the National Petroleum Agency (ANP), criticizes the measure and says that “I don’t see at least any rationality in you distorting a more correct purpose of using public money than financing fossil fuels”.
He says that either a part of the resources that should be in fundamental needs, such as health and education, will be redirected, or a debt will be generated. “In both cases, society loses,” he says.
“[Com as possíveis medidas do governo]we will create a very large imbalance, which will cause greater damage to those who will pay the bill (Brazilians who own a car and need to fill up)]”, says the expert.
Zilberstein says that the commodity price problem cannot be resolved politically: “Neither Congress nor the President has any stewardship over the price of oil.”
In any case, he points out that it is necessary to be aware of how long the war in Ukraine will last, because if the situation is limited to Russia alone, “the market will be able to adapt relatively quickly, as there will be no shortage of oil”.
“We have already had more serious situations”, concludes the former director of the National Petroleum Agency.
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Source: CNN Brasil
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