Abstract
This unprecedented analysis of the factors that determine the performance of Brazil electric energy contradictory policies identifies the irregular path followed by one of the largest national oil companies in the world. As high convenience comparative case study, the increase and decrease of production and investment within the context of the Brazilian electric matrix in the last 20 years can shed light on Petrobras' disparities in relation to itself and in relation to external variables over time such as policies and investment choices, international oil prices and exploration cost.
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