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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (669)	9/20/2005 10:22:32 PM
From: Amark$p	Read Replies (4) \| Respond to of 217768

spreading around that walking around money to new friends... __________________ Nicaragua's left-wing opposition party has announced an agreement to buy Venezuelan oil at preferential rates. Sandinista leader Daniel Ortega said councils governed by the party would be able to buy oil at a 40% discount. The rise of global oil prices has caused an energy crisis in Nicaragua which has led to power rationing. But the government, which did not take part in the deal, is questioning the Sandinistas' access to the proper infrastructure to carry it out. New company Nicaragua's main energy supplier, Fenosa, began rationing power for up to eight hours a day earlier in September. Fenosa said it was left with no choice after the Supreme Court barred it from raising tariffs to keep up with the price of fuel used to generate electricity in Nicaragua. President Enrique Bolanos - who is locked in a power struggle with the Sandinistas - said on Monday that he would ask congress to approve rate increases. He also wants congress to allow him to hand over $30m to private energy firms. Under the deal announced by Mr Ortega, a Venezuelan-controlled company will be created in partnership with the municipalities. The company will transport, store and deliver fuel. More than half of Nicaragua's councils are run by Sandinistas and could benefit from the cheaper oil. Venezuela's Ambassador Miguel Gomez said he hoped similar schemes could be extended to other Central American countries.

To: TobagoJack who wrote (669)	9/21/2005 2:13:54 AM
From: elmatador	Respond to of 217768

The refinery construction is an outcome of the new developments. In the past, to build such plant you’d need money from the World Bank and there would be in place IMF issues due to past bailouts and such. All that could not be executed since the guys holding the purse streams would block if it wasn’t in line with their interest. Today, situation has chnaged. The money is availbale with no strings attached elsewhere by someone who could block that investment. Or at least if they are going to block, then they need to negotiate a deal.