Rise of Brics challenges oil world order

Rise of the BRICS? Let’s see – we have Brazil, a country led by an ex-convict that cannot seem to shake off its corrupt past. Russia – which is well, Russia. Not my idea of a rising star. India – the only really interesting case here. No superstar but geopolitically interesting with good population growth and decent prospects. China – a country that just admitted that it overcounted its population by more than 100 Million and those are all in the productive part. The worst demographics ever coupled with the most crushing debt ever. And South Africa, a soon-to-be failed country that might well rip apart. That’s the world order? Thank you very much. 

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