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Brazil and the future of oil in the Americas

09/25/2013 5:02 pm ET Attention in the run-up to Brazil鈥檚 inaugural pre-salt auction has been strikingly dissimilar to the tectonic-shifting announcements of the pre-salt several years ago, Arthur writes. Yet with a mix of emerging market and European players, the list of bidders is perhaps a reflection of the nature of exploration and production in the Americas today.