Fossil fuels hold their head high in the United States. Europe just became aware of it. The discovery and the commissioning of shale gas deposits attracted much interest, because they represented a technological challenge, but they had no major impact outside of the US. The construction of LNG terminals has recently been authorized and will allow the United States to become exporters. But evolution is slow. Meanwhile, several consequences will result from the emergence of unconventional oil.

Three large deposits were discovered and put into operation in 2006: Eagleford in Texas, Permian between Texas and Arizona, and Bakken in North ...

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In less than a year, three key companies of the French industry found themselves in a critical situation. The first, Alcatel, has been bought by a competitor, the second, Areva, has announced considerable losses and asked for the support of its shareholders, and the third, Alstom, had to sold two-thirds of its businesses. Telephone networks, nuclear power plants and turbines are not low-cost jobs destined for relocation. They have always been considered the strengths of French economy. So what happened? As surprising as it may seem, the same scenario happened in all three cases.

The combination of strategic mistakes of ...

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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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