Just ten years ago, Mario Draghi, chairman of the European Central Bank, announcing in July 2012 that he will do all it is necessary “whatever it costs” to save the euro and putting into practice this decision, rescued the common currency. Europe was hardly emerging from the recession caused by the “sub-prime” crisis. The disclosure that Greece, with the assistance of a merchant bank, had forged its accounts in order to dissimulate the situation of its public finances, had started high tensions inside the euro zone. They were amplified by the revelation of the weakness of the Irish banks which ...

Continue reading

The threats weighting on Europe supplying of natural gas, the very strong increase of the prices which are resulting from it and the risks of a breaking of the deliveries to essential industries remind us the oil crisis of the Seventies. The barrel price, in less than ten years, came from 3 to 30 dollars. The creation of the OPEC allowed to keeping that level and an embargo on deliveries to European countries was even decided. So the natural gas has become a strategic fossil energy as was oil forty years ago.

The main cause of this crisis is the ...

Continue reading

The confusion between political objectives and environmental choices can lead to create illusions and mistakes in the energy transition domain. The crisis Germany is going through today is revealing of this situation. The adopted strategy, regarding power production, , which would grow in the future with electric mobilities and the reduction of the fossil fuels utilization for domestic tasks, was based on the progressive retreat of nuclear, confirmed after the Fukushima catastrophe, and the massive development of renewables, essentially wind turbines.

Behind these decisions, apparently conform with the commitments in favor of the reduction of greenhouse gas emissions, was hidden, in ...

Continue reading