Brazil's Surprise Oil Tax Puts $20 Billion in Investment at Risk
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The A.I. bias rating includes policy and politician portrayal leanings based on the author’s tone found in the article using machine learning. Bias scores are on a scale of -100% to 100% with higher negative scores being more liberal and higher positive scores being more conservative, and 0% being neutral.
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Contributing sentiments towards policy:
58% : The 9.2% export tax, announced on the last day of February, was the first of two actions by the administration that sent tremors through the international oil industry.56% : He received assurances that the country's new leftist leadership would respect the status quo in the oil industry, people familiar with the visit said, and he left confident that business would keep chugging along.
50% : Should this credibility erode, it might well chill $20 billion a year in oil industry investments in Brazil at a time when there are already serious questions about where the world will find its next font of fossil fuels.
38% : The oil industry is already grappling with unpredictable price swings and geologic risk, says Telmo Ghiorzi, the head of a Brazilian association of oil services providers known as AbesPetro.
*Our bias meter rating uses data science including sentiment analysis, machine learning and our proprietary algorithm for determining biases in news articles. Bias scores are on a scale of -100% to 100% with higher negative scores being more liberal and higher positive scores being more conservative, and 0% being neutral. The rating is an independent analysis and is not affiliated nor sponsored by the news source or any other organization.