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AB 2000 studies

Alain Boublil Blog

   

Energy

The new oil crisis (next)

The oil prices slump last week has given to the crisis resulting from the corona virus outbreak a new dimension. It has weighted on the financial markets which were starting to hope thanks to the reduction of the mortality rate and the announcement of the first measures about the end of lockdown. The quotation with a maturity date of the American petrol (measured by the WTI index) went even into negative territory and the Brent index, which is a representative one for the rest of the world, went below 20 dollars per barrel. It had fluctuated between 50 and 60 ...

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The new oil crisis

In the past, oil crisis were associated with a sharp increase of the barrel price, as at the beginning of the Seventies or in 1979, which had generated an inflationist wave, followed by a restrictive action by the central banks. Through a sharp augmentation of their interest rates, they had caused recessions. These last days, it is the fall of the barrel value, between 30 and 40%, which generates a deep worry. Financial markets, already affected by the corona virus epidemic, have plummeted and the trend was amplified by the American president declarations. Oil company shares or industrial equipments for ...

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In the horizon 2050...

 We have lost count of the declarations assorted with very long term objectives, in the horizon…So, the European Union is forecasting, in the horizon 2050 to have a carbon neutral economy, objective which has been supported by France. The United Kingdom, in the horizon 2040, will forbid the sale of fossil fuel vehicles. France had decided to cap the share of the nuclear power production at 50% in 2025. Confronted with the lack of realism of that proposal, the government has postponed this commitment in the horizon 2030, which is still quite unrealistic due to intermittent character of renewable ...

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