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 ...

Continue reading

 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 ...

Continue reading

The reopening of the City of Paris museum of Modern Art, after its successful restoration, allows to rediscovering the painter Raoul Dufy masterwork. A hundred of panels gathered like a puzzle and hanged up in a vast oval room is recounting Science history since Antiquity. It presents the successive discovers which will allow the introduction of electricity in the modern society. The work is used for the Universal Exhibition Pavilion which is to be held in Paris. We are in 1937. After the coming into power of the popular Front, the political situation in France is under tension. At our ...

Continue reading