Part 4/8:
O'Reilly questions the logic behind such government policies, pointing to the past when high oil prices allowed Petrobras some operational flexibility. Yet, as oil prices soared to around $140, the company had to buy oil from the open market to comply with domestic pricing regulations. Such practices raise fundamental questions about the efficacy of government intervention and the hindrance it poses to capitalism, especially when the company is expected to operate under such constraints.