I've read several articles of late on Brazil as an emerging oil power, some even breathlessly saying that the country could displace the Middle East as a major oil supplyer to the US (shame same can't be said at the moment about Brazilian ethanol.)
This line caught my attention:
Some investors aren't waiting to place bets. The publicly traded slice of Petrobras has risen so much this year that the company's market value has surpassed that of household names like General Electric Co. and Microsoft Corp.
So for laughs, I looked up the marketcap of some random large companies. Here are the results for your viewing pleasure:
$ 479.23B Exxon
$ 317.53B Petrobras
$ 303.31B GE
$ 261.24B MSFT
$ 236.19B BP
$ 220.60B WalMart
$ 208.35B Chevron
$ 149.14B Cisco
New Find Fuels Speculation Brazil Will Be a Power in Oil - WSJ.com
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