No State can ignore the importance of energy in the economy good functioning as in the quality of life of its inhabitants and regarding the environment constraints; but the world today is going through a major energy crisis, without any comparison with the two oil shocks during the Seventies, when oil was the most strategic energy source. The population of the planet was twice lower and China, as India, were not yet in their development era. The creation of a cartel by the producing countries which decides to apply an embargo toward Western Countries after the Middle-East crisis and after ...

Continue reading

These last three years, France, as the other developed countries, has been confronted with three major shocks, the corona virus pandemic, the invasion of Ukraine by Russia which has provoked a strong fossil fuels prices increase and the disorganization of the supply chains especially from China, a direct consequence of the sanitary crisis. To remedy to it, the State has adopted costly support measures which have increased an already high budget deficit. These different shocks have revived inflation, a phenomenon which had practically disappeared for near forty years at a time when public indebtedness knew an important augmentation.

That simultaneous ...

Continue reading

Two major issues are at the heart of the political debate in France: purchasing power and pensions. The economic and political tensions for two years have generated a sharp increase of the fossil fuels prices, sending us forty years back at the time of the two oil shocks. The sanitary crisis has perturbated industrial products and spare pieces supply chains and the situation has been made worse with its rebound in China, which, there too, has generated pressures on prices. The invasion of Ukraine by Russia has, at last, created major uncertainties  regarding the supply of cereals, which will weight ...

Continue reading