Last G20 meetings in Lima or IMF downgraded forecasts for the world economy have completely baffled governments and observers and put in doubt the relevance of economic decisions, whatever their origin, governments or central banks. Why, with such a favorable environment, raw materials prices fall, low interest rates and emergence of new technologies, world growth get nowhere and cannot recover the pre-financial crisis level?

 Situation is particularly embarrassing in Europe, with a high unemployment rate, except in countries with a significant demographic decline (Germany) or where legal provisions allow a reduction of the official unemployment rate (England). Situation is not ...

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Let us remember! In 2005, oil prices began to rebound, after fluctuating for twenty years between 15 and 40 dollars per barrel. When it reached 50 dollars, people started to worry and to talk about expensive oil. Theorists of "peak oil" voiced their concerns and announced the imminent exhaustion of resources. Patrick Artus in La Tribune predicted a barrel around $ 300 in 2015! Jean Marie Chevallier replied wisely that it was very difficult to forecast. A few weeks earlier, Alain Terzian, still in La Tribune, came to the obvious conclusion: the world had never had much oil. Ten years have ...

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The success, to be confirmed, of the negotiations with Iran, as well as the reactions of the oil markets to the draft agreement, show that we have entered a new era, both of our relations with the Gulf countries and of the geopolitics of energy. The destabilization of the Middle East and parts of Africa, due to civil wars and their massacres, is the result of the merciless war between Sunni and Shia Islam. It is also reminiscent of the terrible religious wars that pitted, in Europe, Catholics and Protestants against one another, in the sixteenth century. So far, the ...

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