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Latin America’s biggest economy, Brazil, is betting on vast offshore oil treasures to leapfrog ahead of the world’s top crude producers. But sometimes the obstacles seem too huge for the country to reach its ambitious targets. Meanwhile, the fuel-guzzling United States hopes that a friendly country like Brazil will help wean it off an unhealthy dependency on other, drama-prone oil suppliers. Will Brazil fit the bill?
With an eye on offshore oil deposits, companies woo Brazil with social programs and political visits.