Archives Jan. 1, 2021

On the European market, the barrel of oil price is nearing 80$, at its highest for three years. This trend is all the more spectacular since it comes at a time when the OPEC members are not achieving an agreement about the evolution of their production. Traditionally, in this case, prices were falling because the lack of an agreement allowed each member to increase its production and the total supply quickly became superior to the demand. The United Arab Emirates have blocked the negotiation because they ask a reevaluation of their quota of 600 000 barrels per day. But they ...

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When, in 1969, Lionel Stoleru published his book, the imperative industrial necessity, he doesn’t doubt himself to which point the issue of the role of the industry in the French economy will become, during the following fifty years, a major public preoccupation. The Glorious Thirty are at their top. Unemployment doesn’t exist thanks to the growth and to an atypical demographic curb, the barrel of oil costs only a few dollars but inflation is high. Foreign exchanges are mainly devoted to the supply of commodities and globalization is an unknown concept even if Japan rise in the sectors ...

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We remember the metaphor about soccer: it is a game you play between two teams with eleven players where, at the end, it is always Germany which wins. It has a little lost its actuality but the principle is still there and could be applied to economy. The world is permanently confronted with crisis, but whatever is the cause, at the end, it is always China to blame. The country has been at the center of the discussions inside the G7, the NATO and the meeting between the American president and his European counterparts this week. The regime lack of ...

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