Opinion: Too Bovine to Fail, a Smidgen

Opinion, by Michael Royster

RIO DE JANEIRO, BRAZIL — Yesterday was Friday the 13th. The Curmudgeon is not superstitious, albeit he married his (first and current) wife on Thursday the 11th rather than Saturday the 13th. But Petrobras had a VERY Friday the 13th. The day before, one of its offshore rigs had explosions and fires with deaths, one day after Petrobras paid for huge newspaper ads bragging about its technical and safety records.

Yesterday, the doyen of all U.S. newspapers deemed an article “fit to print" when it said Petrobras was “Too big to fail”. Duh! Petrobras is government . . .

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