Ildo Sauer: 'Only the gang that governs the country celebrates the pre-salt auction'

247 - The government raised R$ 6,15 billion with the pre-salt auction held this Friday (27). However, for the deputy director of the Institute of Energy and Environment at USP, Ildo Sauer, only the gang that governs the country celebrates the pre-salt auction. Sauer stated that any legitimate government that comes into existence from 2018 onwards needs to annul the auctions and privatizations carried out by the “gangsters” who currently run the country. 

“This auction, conducted by an illegitimate government, plundering Brazil's wealth and future, should not have happened. It's drastic to say what I said, but those who study this say that this was not the right time to hold the auction. Because today oil is around $50 a barrel. The price of oil is not determined by the supply and demand of normal commodities. Oil has a price that is strategically geopolitical,” said Sauer.

The deputy director of the Institute of Energy and Environment at USP (University of São Paulo) stated that "Brazil is on the wrong side." According to him, oil production takes 20 years to complete after production begins, which is typically five years after the auction. "It's a self-sabotaged idea to think that raising R$ 6 billion will pay the bill Temer incurred to maintain his presidency. We need the price to remain high so that our exports can generate more revenue to address the debt related to public health, education, the environment, infrastructure, technology, and agrarian reform," he said.