The economy : a gloomy future
The sanctions against Russia are now turning against those who initiated them. The soaring price of gas and electricity is likely to cause real riots in France. As in the UK and probably elsewhere.
The sanctions against Russia are now turning against those who initiated them. The soaring price of gas and electricity is likely to cause real riots in France. As in the UK and probably elsewhere.
“The appeal” of the three major French energy companies in the JDD of this Sunday, June 26, 2022 is disturbing. Because, they say, the upcoming price hike “threatens our social and political cohesion”. How politely these things are said!
During the war, business continues. Since the offensive in Ukraine, on February 24, 2022, Russia has sold 63 billion euros worth of gas, oil and coal, including 44 billion to Europe!
Vladimir Putin is carrying out his threats: he has asked the Russian gas giant to suspend deliveries to countries that refuse to pay in rubles. In the theater of operations, the bombings are intensifying.
The electricity transmission system operator, RTE, is calling on businesses and individuals to reduce their consumption this Monday, April 4, 2022, due to a drop in temperatures.
The fuel discount will be 15 euro cents per liter, excluding tax. It may reach 18 cents per liter depending on the level of VAT applied. Consult the amounts in force in your region (Bercy Infos).
Tractors and trucks are blocking oil depots in Finistère and Morbihan to denounce the soaring price of gasoline and diesel fuel. Fuel is becoming an issue in the election campaign.
The Arabelle turbine is an essential part of a nuclear reactor. This flagship of French technology is coveted by the Russian company Rosatom, which could acquire a 20% stake in the French manufacturer GEAST.
Are the energy choices in the programs of the 10 main presidential candidates (Dupont-Aignan, Hidalgo, Jadot, Le Pen, Macron, Mélenchon, Pécresse, Roussel, Taubira, Zemmour) in terms of electricity, gas, and nuclear energy relevant for companies and the French ?
Samuel Furfari*, professor of energy geopolitics at the Free University of Brussels and president of the European Society of Engineers and Industrialists, explains why energy prices will rise further.
Plus 12.6% for gas on October 1, 2021, plus 10% for electricity, plus 12 and 16% for gasoline and diesel: this price hike could well trigger a social explosion.
Washington has agreed with Berlin on the completion of the Nord Stream 2 pipeline for Russian gas, under the Baltic. In exchange Germany has promised investments and political support for Ukraine.