Droughts, Delays, and the Global Economy - AFNN

Droughts, Delays, and the Global Economy - AFNN - John F. Di Leo 

"...The current drought in Central America has caused a severe water shortage in Gatun Lake, which supplies water for the Panama Canal...
With the lake suffering much lower levels than usual, the water in the locks is not high enough for fully laden modern vessels...

• The delays have increased as water levels drop; ships wait a week or more, as much as three weeks of dead time. 
• And with ship lease rates averaging between $50,000 and $100,000 per day, a week of unplanned idle time means somebody’s books are really taking a bath.
• The Panama Canal could handle 32 ship crossings per day just a month ago… Panama reduced that number to only 22 per day on December 1. On February 1, they expect to have to further drop their maximum to 18 ship crossings per day...

But it IS the fault of the Biden-Harris regime’s kind of policies – socialist policies. 

• Destructive, big government, tax-and-spend, anti-market policies.

You see, what Central America really needs – or should we say, what the world really needs in Central America – is a second canal. 

• Why is Panama still the only one after a hundred years?...

Unfortunately, Nicaragua is a socialist country, run by semi-stalinist communists. 

They can’t print the money needed for such a project, and they sure can’t raise the money needed for it...