Lula Gives TV Oil Speech

By Doug Gray, Contributing Reporter 

RIO DE JANEIRO - One year after President Lula’s promise to use profits from the pre-salt oil deposits in Brazil’s Tupi oilfield to eradicate poverty, he has spoken of the importance of electoral support in keeping revenue in the hands of the people.

The president's proposal for the regulatory framework of the field's vast potential profits has been passed to Congress, along with a controversial request for an answer within three months.

His move has rankled with opposition parties, and Lula appeared on television on Sunday night urging Brazilians to follow . . .

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