Petrobras the national oil company of Brazil wouldn’t be able to supply gas and fossil fuels to meet increasing demands in the future. Lula will have to soon decide whether to build a 1,350 MW nuclear power station which would cost 1,5 billion USD in the near future. Brazil is unique in its power production as it meets 90% of its energy needs with hydro power, at the same time transportation energy needs are meet with biofuels. Brazil is also being touted as a being a new Saudi Arabia of biofuels able to supply itself and perhaps America in the future with it.