Brazil's Oil Bonanza

World oil demand is forecast to return to growth in 2010 following two years of devastating declines. According to the OPEC's December report, the growth would be driven by demand in developing countries, which should more than offset declines in industrialized or OECD nations.

Energy-independent Brazil will be a more significant oil and ethanol exporter next year. Here’s my favorite Latin American energy stock recommendation for 2010.