{"id":126773,"date":"2022-07-09T16:51:22","date_gmt":"2022-07-09T23:51:22","guid":{"rendered":"https:\/\/www.lankaweb.com\/news\/items\/?p=126773"},"modified":"2022-07-09T16:51:49","modified_gmt":"2022-07-09T23:51:49","slug":"apt-question-by-shenali-waduge","status":"publish","type":"post","link":"https:\/\/www.lankaweb.com\/news\/items\/2022\/07\/09\/apt-question-by-shenali-waduge\/","title":{"rendered":"Apt Question by Shenali Waduge"},"content":{"rendered":"<h2><span style=\"color: #0000ff;\"><em>Prof. Hudson McLean<\/em><\/span><\/h2>\n\n\n<p><a href=\"https:\/\/www.lankaweb.com\/news\/items\/2022\/07\/08\/sri-lankas-energy-crisis-an-artificial-one\/\" target=\"_blank\" rel=\"noreferrer noopener\">Sri Lanka\u2019s energy crisis an artificial one?<\/a><br><strong><em>Shenali D Waduge<\/em><\/strong><\/p>\n\n\n\n<p><strong><em>Shenali Waduge touched on an important point.&nbsp;<\/em><\/strong><\/p>\n\n\n\n<p><strong><em>Today despite the Russian-Ukraine debacle, oil flows un the Middle East, Venezuela, Iran, and over 100 countries, as in&nbsp;<\/em><\/strong><\/p>\n\n\n\n<p><a href=\"https:\/\/www.worldometers.info\/oil\/oil-production-by-country\/\">https:\/\/www.worldometers.info\/oil\/oil-production-by-country\/<\/a><\/p>\n\n\n\n<p><strong><em>Sri Lanka is a small fry in the Big Fish oil market game.&nbsp;<\/em><\/strong><\/p>\n\n\n\n<p><strong><em>The oil business offers substantial payback to operators, but since Sri Lanka has a current cash flow problem, the discussions could be more complicated.<\/em><\/strong><\/p>\n\n\n\n<p><strong><em>Sri Lanka has a current negative cash-in-hand problem,&nbsp; as a Sovereign State, Sri Lanka is Not Bankrupt!<\/em><\/strong><\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"ydp1c7ae79cA_country_never_goes_bankrupt\"><strong>&#8220;A country never goes bankrupt&#8221;<\/strong><\/h3>\n\n\n\n<p><a href=\"https:\/\/www.indiatimes.com\/explainers\/news\/explained-what-happens-when-a-country-goes-bankrupt-559344.html#A_country_never_goes_bankrupt\">https:\/\/www.indiatimes.com\/explainers\/news\/explained-what-happens-when-a-country-goes-bankrupt-559344.html#A_country_never_goes_bankrupt<\/a><\/p>\n\n\n\n<p>&#8220;The country is going bankrupt.&#8221; In truth, that is a false assertion.&nbsp;To begin with, when a country fails to repay its debts, it does not go bankrupt; instead, it defaults on the loan. Second, the government, not the country, defaults.<\/p>\n\n\n\n<p>With this in mind, suppliers might be ready to commence limited supplies of oil against a Sri Lankan government Bond.<\/p>\n\n\n\n<p>Here comes the skill of the negotiators.<\/p>\n\n\n\n<p>The supplier might offer personal incentives to the buyer against the prevailing oil price and their Terms &amp; Conditions.<\/p>\n\n\n\n<p>Could Sri Lanka find professionals capable of putting the country before the individual?<\/p>\n\n\n\n<p><strong><em><u>Express Your Opinion &#8211; Read What Others Say!<br>The Independent Interactive Voice of Sri Lanka on the Internet.<br><br>Please visit -: <a href=\"http:\/\/www.lankaweb.com\/\">http:\/\/www.lankaweb.com\/<\/a><\/u><\/em><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Prof. Hudson McLean Sri Lanka\u2019s energy crisis an artificial one?Shenali D Waduge Shenali Waduge touched on an important point.&nbsp; Today despite the Russian-Ukraine debacle, oil flows un the Middle East, Venezuela, Iran, and over 100 countries, as in&nbsp; https:\/\/www.worldometers.info\/oil\/oil-production-by-country\/ Sri Lanka is a small fry in the Big Fish oil market game.&nbsp; The oil business [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":true,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22],"tags":[],"class_list":["post-126773","post","type-post","status-publish","format-standard","hentry","category-hudson-mclean"],"_links":{"self":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts\/126773","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/comments?post=126773"}],"version-history":[{"count":0,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts\/126773\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/media?parent=126773"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/categories?post=126773"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/tags?post=126773"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}