As the price of oil has skyrocketed on the international markets, the cash value of the remaining contracts hedging BPL's fuel costs has soared.
And it's that current high cash value that the corrupt Davis and Cooper led PLP administration (and no doubt Sir Snake) would like to now 'cash-out' so they can get their grubby hands on a pile of cash notwithstanding that doing so would leave BPL customers with outrageously high and unaffordable electricity bills in the immediate future.
It seems they are desperately looking for cash wherever they can find it to meet their own corrupt needs and to hell with the consequences for the Bahamian people.
> Sears said, “We are also looking at solar and many local as well as international companies have put proposals to the government. We are reviewing and meeting with these various parties. We’ll be establishing a process and will begin to meet with them leading to a contractual relationship with the country.”
Sears wants us all to believe the corrupt Davis and Cooper led PLP administration has all kinds of different colour deals coming to the rescue of financially strapped Bahamians, e.g., green deals, blue deals, rainbow deals, blah, blah, blah.
The dire financial predicament many Bahamians find themselves in today is the inevitable outcome of decades of racist politics of the worst kind that duped voters into supporting corrupt elitist politicians whose only interest has been the lining their own pockets and the pockets of their financial-backers with our tax dollars, and by 'selling' the best our country has to offer to foreign interests under corrupt concession laden deals. And it's those same mega mega mega millions of tax dollars stolen from the people by the political ruling class over many decades that should have been wisely spent since 1973 developing and diversifying our economy rather than bankrupting it.
SLOP planted the seeds of socialism which all too quickly sprouted under carefully crafted racist politics into the corrupt and elitist political ruling class that for decades has raped, pillaged and plundered our country, leaving most Bahmians with a downward spiralling standard of living and quality of life. Yes indeed, SLOP's legacy is deeply rooted and about to come home to roost for most Bahamians in a most terrible and vicious way. This is what happens to a nation that does not take care of its people and a people who sit idly by and let the most greedy and evil elements of society take the reins of their destiny. So sad.
Are you being cynical? USCG brings all of them they intercept to our country for us to feed, clothe and shelter until we can borrow the money needed to send them back to Haiti. And that presupposes the 'non-existent' Haitian government gives us permission to send them back to Haiti. USCG never takes any of them to the U.S.
The corrupt and incompetent Davis and Cooper led PLP administration is only now just beginning to understand why power-crazed Minnis, at the urging of the IMF and longtime big financial-backers of the FNM party, finally relented to their demands that he call an early national general election.
Tyrannical Minnis delayed calling the election for as long as he possibly could, until he was fully persuaded the FNM party was certain to experience a landslide defeat at the polls by angry voters.
Minnis was told in no uncertain terms by the traditional longtime very wealthy supporters of the FNM party, and no doubt by the IMF as well, that they would all much prefer the full force of the tidal wave of our country's maturing debt in the first half of 2022 hit a new PLP administration led by Davis and Cooper. Guess they all thought it was only fitting this should happen. LOL
Damn! That means about another 9 or 10 similarly loaded boats probably made it through to our shores in recent months. Most of them end up sunk on the sea floor in shallow waters just off of the shorelines of our islands.
For every boat caught there's at least another 9 or 10 that make it through to our shores somewhere undetected. Sadly, the U.S. Coast Guard tends to focus its interception efforts on those boats loaded with illegal aliens that stand a chance of making it to the U.S. shoreline.
You're gonna have to wait at least a week or so for that Commonwelath Bank story because Neil's free-lunch and free-dinner schedule is already choc-a-bloc full for the next week or so. LOL
We, as a country, continue to rue the day Christie, Davis and Sears spat in the face of the majority of Bahamians who voted "No" in a duly held national referendum to the legalization of the corrupt gaming activities of the despicable web shop thugs like Sebas Bastian and Craig Flowers.
> The Prime Minister, in a recorded message from Belize, where he is attending a caricom meeting, pledged that upon his return the Government will “brainstorm” on how it can avoid raising electricity costs on Bahamians.
The only brainstorming Davis is likely doing about BPL is trying to figure out a way to give all of BPL's assets to Snake, but have the Bahamian people (i.e., the government) keep all of BPL's liabilities (debt). LMAO
Even as many of us struggle to pay for food, gasoline, etc., she's still talking her politicized COVID nonsense while sucking heavily on the public treasury. It's all about their insatiable desire to exercise control over us by taking away our constitutionally guaranteed civil rights and liberties. She's a typical health bureacrat lacking in common sense and singing to her corrupt political masters for her supper.
tribanon says...
As the price of oil has skyrocketed on the international markets, the cash value of the remaining contracts hedging BPL's fuel costs has soared.
And it's that current high cash value that the corrupt Davis and Cooper led PLP administration (and no doubt Sir Snake) would like to now 'cash-out' so they can get their grubby hands on a pile of cash notwithstanding that doing so would leave BPL customers with outrageously high and unaffordable electricity bills in the immediate future.
It seems they are desperately looking for cash wherever they can find it to meet their own corrupt needs and to hell with the consequences for the Bahamian people.
On ‘Dumping BPL hedging deal may cost $200m’
Posted 3 March 2022, 9:31 a.m. Suggest removal
tribanon says...
> Sears said, “We are also looking at solar and many local as well as international companies have put proposals to the government. We are reviewing and meeting with these various parties. We’ll be establishing a process and will begin to meet with them leading to a contractual relationship with the country.”
Sears wants us all to believe the corrupt Davis and Cooper led PLP administration has all kinds of different colour deals coming to the rescue of financially strapped Bahamians, e.g., green deals, blue deals, rainbow deals, blah, blah, blah.
The dire financial predicament many Bahamians find themselves in today is the inevitable outcome of decades of racist politics of the worst kind that duped voters into supporting corrupt elitist politicians whose only interest has been the lining their own pockets and the pockets of their financial-backers with our tax dollars, and by 'selling' the best our country has to offer to foreign interests under corrupt concession laden deals. And it's those same mega mega mega millions of tax dollars stolen from the people by the political ruling class over many decades that should have been wisely spent since 1973 developing and diversifying our economy rather than bankrupting it.
SLOP planted the seeds of socialism which all too quickly sprouted under carefully crafted racist politics into the corrupt and elitist political ruling class that for decades has raped, pillaged and plundered our country, leaving most Bahmians with a downward spiralling standard of living and quality of life. Yes indeed, SLOP's legacy is deeply rooted and about to come home to roost for most Bahamians in a most terrible and vicious way. This is what happens to a nation that does not take care of its people and a people who sit idly by and let the most greedy and evil elements of society take the reins of their destiny. So sad.
On HERE WE GO - GAS PRICE ROCKETS IN JUST WEEKS: Sears concedes Govt is concerned and special measures will be needed
Posted 3 March 2022, 9:06 a.m. Suggest removal
tribanon says...
And Snake is right up there at the top of the list when it comes to our country's corrupt con artists.
On Hedging delay threatens to cost BPL’s consumers
Posted 2 March 2022, 5:59 p.m. Suggest removal
tribanon says...
Are you being cynical? USCG brings all of them they intercept to our country for us to feed, clothe and shelter until we can borrow the money needed to send them back to Haiti. And that presupposes the 'non-existent' Haitian government gives us permission to send them back to Haiti. USCG never takes any of them to the U.S.
On 179 on intercepted Haitian sailing vessel
Posted 2 March 2022, 5:56 p.m. Suggest removal
tribanon says...
The corrupt and incompetent Davis and Cooper led PLP administration is only now just beginning to understand why power-crazed Minnis, at the urging of the IMF and longtime big financial-backers of the FNM party, finally relented to their demands that he call an early national general election.
Tyrannical Minnis delayed calling the election for as long as he possibly could, until he was fully persuaded the FNM party was certain to experience a landslide defeat at the polls by angry voters.
Minnis was told in no uncertain terms by the traditional longtime very wealthy supporters of the FNM party, and no doubt by the IMF as well, that they would all much prefer the full force of the tidal wave of our country's maturing debt in the first half of 2022 hit a new PLP administration led by Davis and Cooper. Guess they all thought it was only fitting this should happen. LOL
On ‘No issues whatsoever’ on $2bn Gov’t roll over
Posted 2 March 2022, 3:52 p.m. Suggest removal
tribanon says...
Damn! That means about another 9 or 10 similarly loaded boats probably made it through to our shores in recent months. Most of them end up sunk on the sea floor in shallow waters just off of the shorelines of our islands.
For every boat caught there's at least another 9 or 10 that make it through to our shores somewhere undetected. Sadly, the U.S. Coast Guard tends to focus its interception efforts on those boats loaded with illegal aliens that stand a chance of making it to the U.S. shoreline.
On 179 on intercepted Haitian sailing vessel
Posted 2 March 2022, 2:41 p.m. Suggest removal
tribanon says...
You're gonna have to wait at least a week or so for that Commonwelath Bank story because Neil's free-lunch and free-dinner schedule is already choc-a-bloc full for the next week or so. LOL
On CIBC loan deferrals decrease by $420m
Posted 2 March 2022, 2:39 p.m. Suggest removal
tribanon says...
We, as a country, continue to rue the day Christie, Davis and Sears spat in the face of the majority of Bahamians who voted "No" in a duly held national referendum to the legalization of the corrupt gaming activities of the despicable web shop thugs like Sebas Bastian and Craig Flowers.
On US urges ‘greater focus’ on gaming, money transmission
Posted 2 March 2022, 2:32 p.m. Suggest removal
tribanon says...
> The Prime Minister, in a recorded message from Belize, where he is attending a caricom meeting, pledged that upon his return the Government will “brainstorm” on how it can avoid raising electricity costs on Bahamians.
The only brainstorming Davis is likely doing about BPL is trying to figure out a way to give all of BPL's assets to Snake, but have the Bahamian people (i.e., the government) keep all of BPL's liabilities (debt). LMAO
On Hedging delay threatens to cost BPL’s consumers
Posted 2 March 2022, 2:20 p.m. Suggest removal
tribanon says...
Even as many of us struggle to pay for food, gasoline, etc., she's still talking her politicized COVID nonsense while sucking heavily on the public treasury. It's all about their insatiable desire to exercise control over us by taking away our constitutionally guaranteed civil rights and liberties. She's a typical health bureacrat lacking in common sense and singing to her corrupt political masters for her supper.
On Health system vulnerability a factor in easing restrictions
Posted 2 March 2022, 1:41 p.m. Suggest removal