Thursday, March 4, 2010

Where are the engineers?

Eike Batista is the wealthiest individual in Brazil. His holdings include oil, mining, water, and steel companies. Batista thinks Brazil is on track to become the fifth-largest economy in the world over the next five years. He is betting his country will also be a major oil power - - in the range of 100 billion barrels of recoverable oil. His father was a famous engineer in Brazil - - another in the long line of “O Engenheiro” or “El Ingeniero” that you find in Central and South America. Brazil actually made a movie about this father - - Brazil’s Engineer. The movie documented and highlighted all the infrastructure projects he completed as part of Brazil’s development.

Batista has some interesting observations regarding the United States - -

You are now heavily indebted like Brazil was before. You have to be little bit more Spartan. In the last 20 years you have focused too much on banking and finance. The best students went to banks and law firms. Where are the engineers? Americans should be driving electric cars, and you’re not.

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