• 3 minutes Why NG falling n crude up?
  • 7 minutes Tesla Battery Day (announcements on technology)
  • 10 minutes America Could Go Fully Electric Right Now
  • 21 mins Kalifornistan, CO2, clueless politicians, climate hustle
  • 8 mins Presidential debate will address taxes. Personal and Corp, including International Oil companies that pay little U.S. Income tax using Transfer Pricing.
  • 2 days JP Morgan Christyan Malek, report this Summer .. . We are at beginning of oil Super Cycle and will see $190 bbl Brent by 2025. LOL
  • 1 hour Something wicked this way comes
  • 15 hours Ilhan Omar connected Ballot Harvester in cash-for-ballots scheme
  • 2 days Jake Gardner from Omaha wrongly charged with murder while protecting his business from rioters. . . . . . Kills himself
  • 3 hours BLM organizer plows her car thru Trump supporters. She was arrested and charged with attempted murder
  • 2 days Ten Years of Plunging Solar Prices

PARAGUAY: Cartes Election Victory Good for Business

Bottom Line: The victory of Colorado Party candidate Horacio Cartes in Paraguay’s presidential elections on 21 April sets the stage for a strengthening of the oil and gas industry and a more attractive atmosphere for foreign investors.

Analysis: Cartes is a consummate businessman. His dossier is an impressive one: He founded Banco Amambay, one of the country’s largest financial institutions, as well as tobacco and food and beverage companies including Tabacos del Paraguay, Compañía Agrotabacalera del Paraguay, Bebidas del Paraguay, Agrocitrus del Paraguay, Ganadera Sofia, Ganadera Chajha and Ganadera Las Pampas. While he says he has divested himself of any business interests that present a conflict of interest as president, he clearly has many contacts in the business world inside and outside Paraguay. Among his closest advisors are his closest business associates—namely, Juan Carlos Lopez Moreira and conservative Chilean politician Francisco Javier Cuadra.

In 2001, Cartes became President of Club Libertad, one of the premiere professional soccer teams in Paraguay. Under Cartes’ leadership the team won the national championship seven times and reached the semi-finals of South America’s Copa Libertadores in 2006. Cartes was not involved in politics until 2009, a fact the long-dominant Colorado Party chose to frame as their candidate being a “fresh start.”

During his campaign Cartes repeatedly…




Oilprice - The No. 1 Source for Oil & Energy News