The necessary funds and as we highlighted in our report and also try to do it now. If the prices go to 80 and below we may see that the brazil may be one of the regions which will have the toughest challenges because the investments are basically financed through cash flows. And if they go down they need to go and increase their debts, which should be a major issue for petro bus. Of course there is a major question about Production Growth coming from brazil. Turning the page on sort of the issue of subsidies, an issue that i would give you all and the in general tremendous credit for actually framing a lot of the debate and quantifying a lot of how we talk about Energy Subsidies on both the fossilbased and Renewable Energy side of the equation. You mentioned there was progress being made on the subsidies issue. How can you can you characaterize a little bit the sort of nature of that progress . Because i think one of the ways you had sort of talked about it was sending a signal about s
the union speeches tended to be much shorter than his successors. reagan s state of the union statements were 4800 words long and he delivered them crisply often getting out in 45 to 50 minutes. by contrast, clinton s barack obama, many have been as long as 7200 words clocking in at a delivery time that is probably starting to annoy even fidel castro. when we contemplate not nearly will the the spectacle of the modern presidency, but we also have to take out the outside expectations promised by candidates and demanded by the people, it is then jarring to reflect on something that harvey was bringing out. the founders considered for a while giving the what title the chief executive should have. they considered for a while calling the chief executive the governor of the united states. they rejected that title in preference to president instead because the memory of colonial governors who had abused their power was fresh in their mind. president deriving from the latin, to pre
woodrow wilson marks out a clear dividing line from previous presidents for two reasons above all. the first was his open disdain for the constitution. professor mansfield noted some time ago wilson notable for being the first president to criticize the constitution. and that was merely of a piece with his dismissal of the founding which we thought was no longer relevant to the 20th century. his second original sin of the modern presidency was his conception the president should be someone who ought to be a leader with the capital l, not in the ordinary sense of, say, sports team coach or even a chief executive of a company or military commander but someone of lofty transformative vision we might say today taking the american people to new and distant destinations the people themselves might not even be entirely aware they want to go. slightly more prosaic, wilson began the familiar practice increasingly debasing republican government. namely the in-person state of the unio
and he did that in large part to try assert the mastery of the presidency over congress to is implement congress it is a leading institution or center of gravity in the american politics. prior to wilson almost all presidents fulfill constitutional requirement to fulfill information on the union as the phrase in the text by sending letters to congress and publishing them in the newspaper. well, wilson created spectacle we know today which all presidents followed with one or two minor exceptions and i i hate as much as i hate to say it, mag news as rush limbaugh calls him, contributed to the degradation to the state of the union speech which did not surprise us as the only president with a show business background. there is to be said to reagan s credit, however. his state of the union speeches tend to be much shorter than his successors. reagan s addresses were 4800 words long and delivered them crisply. often getting out in 45 to 50 minutes. by contrast clinton and bark
we know today which all presidents followed with one or two minor exceptions and i i hate as much as i hate to say it, mag news as rush limbaugh calls him, contributed to the degradation to the state of the union speech which did not surprise us as the only president with a show business background. there is to be said to reagan s credit, however. his state of the union speeches tend to be much shorter than his successors. reagan s addresses were 4800 words long and delivered them crisply. often getting out in 45 to 50 minutes. by contrast clinton and bark s state of the union addresses, many of them have been as long as 27200 words, clocking in at time to annoy even fidel castro. when we contemplate not the spectacle of the modern presidency but also the we also have to take into account the outsize pretensions and expectations promised by candidates and demanded by the people. it is then jaring to reflect on something harvey was bringing out the founders considered fo