AN ENERGY REVOLUTION IN THE MAKING: Yellow Vest Protest and France’s Fuel Tax

The energy revolution has taken deep roots in the French middle class, public life in the French capital and French provinces has come to a halt.

As previously illuded to, France has seen renewed unrest today in response to the French governments attempt to impose a fuel tax on its citizenry. We all have seen the pictures of Paris burning, and the unrest that spread into the wealthy Parisian suburbs, the attention-grapping disfigurement of Marianne, the picturesque French icon depicted on the Arc de Triomphe. The riots spread from the middle class, which would have been severely effected by this new tax, eventually the riots have spread and encompassed university students, farmers and workers more generally. It is almost as if they spread from the same source, a single branch of a tree.


Peak Oil: It is hard to identify a period in recent French history, which compares in terms of upheaval to the public order.

Energy will play an ever greater role in citizens’ lives. As energy costs go up due to peak oil and an the rapid decline of existing oil supplies that are easy to extract, there will be more resistence by the public to pay for petroleum. The fuel tax will not solve this problem for the protesters, as the underlying geological reality of dwindling oil supplies will intrude into public awareness.

One can only hope that French citizens will prepare themselves for the new reality of living with fewer resources, in a way that is compatible with the availability of natural resources in Europe and elsewhere.


There is a lively debate in France about what the energy revolution really costs us and whether we are prepared to pay the price for it.

We will have to wait and see what the wave of protests brings, if the protesters demands will be fruitful or if they are evanescent. 


Many thanks for the shared interest in the energy world!



Disclaimer:


This article is just meant to inform the reader of recent developments in the energy industry at large and to share knowledge and insights with a wider audience. The author does not put forth investment recommendations. This article should not be taken as investment advice and the author cannot be held to account for investments made. Further information is provided in the IMPRINT and PRIVACY POLICY, which you can click on or find at the top of this page in the menu bar. For readers from Germany, please refer to the Impressum and Datenschutzerklärung of this website.


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support@boegelsackenergy.com


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