Posted on 06/17/2022 6:43:34 PM PDT by BenLurkin
Sri Lanka's fuel stocks will last for about five more days, its power and energy minister said on Thursday, as the island nation awaits official confirmation from the Indian government for a new $500 million credit line for fuel.
The country of 22 million people is caught in its worst financial crisis in seven decades after its foreign exchange reserves dwindled to record lows, with dollars running out to pay for essential imports including food, medicine and fuel.
Chronic fuel shortages have worsened this week with kilometers-long lines at some gas stations countrywide, leading to sporadic protests as vehicle owners wait, sometimes overnight, for petrol and diesel.
The stocks cover fuel for vehicles, some industries and essential services. A month ago, the prime minister said there was only enough petrol for one day.
Sri Lanka is unable to make $725 million in overdue payments to suppliers and also struggling to open letters of credit for future shipments,
(Excerpt) Read more at cnn.com ...
Is there any country out there that is not borrowing money?
It is an endless circle.
One that will one day have to end.One way or another.
The Green New Deal’s inevitable end.
Energy shortages are not far away here in USA.
That’s why I expect a worldwide economic crash to coincide with the arrival of Satan’s anti-messiah.
Now that’s not spelled out in the Bible, admittedly, so it’s just a guess.
But many nations are deeply in debt.
Or maybe Soon Musk can buy Sri Lanka and have them build EVs.
Or maybe Elon Musk can buy Sri Lanka and have them build EVs.
And Egypt?
GREEN ENERGY CHICKENS COMING HOME TO ROOST. PUTTING THE LIE TO THE GREEN SCAM!
https://www.frontpagemag.com/fpm/2022/06/green-energy-chickens-coming-home-roost-bruce-thornton/
They will be glad to build a bridge and pipe line between Sri Lanka and the India mainland...in exchange for 10% of you GDP for the next 30 years!
The Domino Effect is back.
Here’s a chance for Biden to get off his butt, open up our oil resources & do everybody a big favor all at the same time. Now, that would seem to be the SMART thing to do, but does anybody want to guess what really happens?
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