We propose a model of seasonal gas markets which is flexible enough to include supply and demand shocks while also considering natural gas as an exhaustible resource. Using US data, we estimate the model’s structural parameters and test economically founded restrictions. We analyze,...

The unequal distribution of the world’s natural resources is a longstanding problem. In comparative terms, nature has served Europe meagrely when it comes to energy resources. In the face of ever-rising demand, the exhaustion of domestic resources and rising import dependency due are the...

This paper is an excerpt from the last chapter of Jean-Marie Chevalier’s last book «Les grandes batailles de l’énergie». The author explains what he calls «the equation of Johannesburg» named from the last Earth summit. The most important challenge of the XXIst century, and the most...

L'Europe connaît enfin un débat sur sa politique d'énergie et la sécurité de ses approvisionnements énergétiques. Après un trop long silence, média, politiques, industriels et experts se bousculent soudainement pour demander une politique énergétique européenne commune, digne de ce...