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Thursday, 03/08/2012 3:24:58 PM

Thursday, March 08, 2012 3:24:58 PM

Post# of 116863
Great News (RedRock that is):

But on another note (attempting to put this election and the last 30 days into some perspective), what this election taught me was that the primary UDP issue was the renegotiation of the national debt. The government doesn't want news of an oil strike when they are attempting to convince their creditors that they are broke. Oil revenue would imply an ability to finance and service their national debt without need of renegotiating its terms of payment.

Ergo, we may continue to have some difficulty getting the government to certify our oilfields until such time as the debt restructuring process is complete. Then its balls to the wall with Belize. Then they would want the "new" oil revenue to pour in, servicing their current debt with fewer funds, and freeing up more money for their current and future general budgets. Oiljob

P.S. The time difference between Belmopan and Los Angeles would be two hours, they are two hours ahead of our west coast. Sorry I misspoke yesterday (i struck my one and only daily message due to that flaw) apparently Belize would be on Central Time, the same as Chicago, where the IMF is located last time I checked.

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