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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 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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Crises are not always financial ones. They can hurt an industrial sector and if this one is important as the car industry in France and even more in Germany, that can have repercussions on the whole economy. Our country has already had that experience in the Seventies and the Eighties with plant closures and massive redundancies in the steel industry or with telecommunications twenty years later when the rise of the mobile phones has affected all the information treatment and transmission systems. These crises have provoked the disappearance or the passage under foreign control of national industry jewels. The car ...

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