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Chapter 275 - Chapter 275 Results

March 20th is the day when Kolo holds the national election.

  After the successful "coup" led by Jammeh Bongo, it was announced that a national election would be held within two months and the people would elect a new government.

  The time is now a little earlier.

  Through the various media's publicity on the two candidates for the Colosi presidential election over this period of time, the public has already gained an understanding of their respective governing philosophies.

  According to the latest opinion polls, the support rate of the Kolo People's Party candidate Jammeh Bongo is far ahead of the Kolo Socialist Party candidate Thomas Kaboré.

  After all, it was Jammeh Bongo who led the Kolo Liberation Front to overthrow the dictatorship of Nassim Dema in Kolo.

  At the same time, the major media, including television stations, radio stations and newspapers, which are mainly controlled by the West African Group, also have a stronger propaganda campaign for Jammeh Bongo.

  It was also based on these reasons that the interim government finally decided to hold the national election on March 20.

  After ending the Kolo civil war and before this election, the Kolo interim government had invited international organizations including the UN, the African Union, the Economic Community of West African States and the European Union, as well as observers from five international organizations and 15 friendly countries including Britain, France, the United States, China, Russia and Iran to participate in this national election.

  Their move was also welcomed by the international community, and they looked forward to Kolo starting the democratic process.

  For this election, the election committee, composed of prestigious figures in Colo, has set up a total of 50 polling stations in five provinces and one city across the country. The Colo Corps will be responsible for maintaining security and order at the polling sites.

  Every citizen of the Republic of Kolo who is 18 years of age or older has the right to go to a polling station and vote.

  In this election, as the candidate of the Kolo People's Party, the largest party in the Kolo Republic, Jammeh Bongo's election slogan is "Peace, Openness, National Equality, and Building a New Kolo".

  His main campaign platform includes the following points:

  The first is to stabilize the domestic environment, confiscate civilian armed forces, and ensure the freedom and security of the people.

  The second is to vigorously support and develop agriculture, reduce people's tax burden, and support the deep processing of agricultural products.

  The third is to implement open and liberal economic policies, encourage foreign investment, and continuously reduce tariffs.

  The fourth is to advocate self-reliance, encourage the development of domestic capital, and introduce relevant preferential policies to carry out economic transformation and advocate diversified development.

  The fifth is to vigorously develop education. The government will carry out nationwide literacy campaign while establishing basic compulsory education, and all children of school age will be required to attend school compulsorily.

  Jammeh Bongo himself is already considered a "top student" in Koror, and his personal image is relatively elegant and friendly, which is very different from the previous "strongman politics" of Nassim Dema. This point has also been supported by many Koror people.

  The governance concepts he proposed, especially welcoming foreign investment and pursuing a more open and free economic policy, have also been praised by the international community.

  According to the provisions of the Kolo Interim Constitution, in the general election, if a candidate receives more than 50% of the votes, he or she will win directly; if no candidate receives more than 50% of the votes, the top two candidates will enter a second round of elections until someone receives more than 50% of the votes.

  However, because there are only two candidates in this election, Jammeh Bongo and Thomas Kaboré, normally only one round of elections is needed.

  In the end, after the three-day election, after the votes were counted, there were approximately 3.6 million registered voters in this round of voting, and more than 3 million people participated in this election.

  After confirmation by the Electoral Commission, the candidate of the Kolo People's Party, Jammeh Bongo, won 67% of the votes, more than double the number of votes of another candidate, Thomas Kaboré of the Kolo Socialist Party, and won the national election.  

  This result will be immediately submitted to the Kolo Provisional Constitutional Court, which will confirm it and finally determine the outcome of the election.

  On the next day, March 28, the Kolo Provisional Constitutional Court announced that the voting in the Kolo national election was valid. Ultimately, Jammeh Bongo from the Kolo People's Party will become the first president of the Kolo Republic for a four-year term. He will then nominate the formation of a new Kolo government.

  On March 30, Jammeh Bongo was officially sworn in as the President of the Republic of Kolo in a national live broadcast on Kolo TV, and nominated ministers for various departments to form a new government.

  From then on, Kolo's history turned a new page.

  …

  "Since January this year, when international oil prices once again reached $36, the highest in nearly 10 months, crude oil prices have continued to rise, with no signs of falling at all."

  The computer next to Daisy displayed the trend of international oil prices over the past year. She said to Barron,

  "Since we closed our long positions when the international crude oil price rose last time, when the oil price fell later, part of the funds in our Mars Fund entered the crude oil futures market again and started to go long. So far, the returns have been very considerable."

  After so much experience, Daisy has now become a great general. As the CEO of DS Investment Company, her popularity in the financial city is increasing day by day.

  In DS Investment Company, in addition to the private equity fund Mars Fund, their proprietary department has also made full preparations for this increase in oil prices and raised a full 1 billion pounds to invest in this investment.

  It can be said that there are many reasons for this round of oil price increase.

  The first is that OPEC's oil supply cannot meet the gradually increasing oil demand due to the global economic recovery.

  After the Iraq War, the Middle East is still not peaceful.

  In addition to the fact that rebel forces continue to attack oil facilities from time to time in Iraq, preventing its crude oil production from returning to pre-war levels, there have also been occasional terrorist attacks on oil facilities in Saudi Arabia since the beginning of this year.

  In addition, in Baron's previous life, in the second half of this year, Russia's largest oil producer, Yukos Oil Company, was involved in a tax case. Since July, when news came out that the company might be forced to suspend production or stop exports, international oil prices have been rising in July, August and September. The market's concerns about Yukos' oil supply are a very important factor supporting the price increase.

  Because 75% of Yukos' production is exported, nearly 1.7 million barrels per day.

  With these factors, the funds from investment companies and hedge funds that continue to flow into the crude oil futures market are undoubtedly one of the driving forces behind the rise in oil prices.

  Under the influence of all these things, the price of international crude oil will exceed US$40 in May, and by September, it will exceed US$50 in one fell swoop, reaching a maximum of nearly US$55!

  Currently, the average holding price of their proprietary department's long crude oil futures positions is around US$33.

  This means that by September, the price of crude oil will have risen by as much as two-thirds compared to their holding prices.

  If we also consider the leverage used...

  The profits by then will undoubtedly be terrifying.