Right now, it’s hard to be optimistic about the situation. Skyrocketing gasoline prices, rising energy bills… Ukraine’s war-induced energy crisis is far from over. In any case, this is the speech made by Fatih Birol, the head of the International Energy Agency (IEA) who spoke in the columns of the German daily Der Spiegel.
His words are alarming.
Fatih Birol believes that the situation could become even worse than during the oil crisis of 1970, the consequences of which were felt until the beginning of the 1980s. Because the current crisis is “triple”, unlike that of 1970, which concerned only oil. Today, the entire energy sector is impacted: oil, gas and electricity.
We must therefore expect further increases on the price side, but not only. According to the IEA expert, Western countries risk finding themselves quickly short of oil.
“When the long holiday season comes in Europe and the United States, the demand for oil will increase. So we might see shortages, for example of diesel, gasoline or kerosene, especially in Europe,” Fatih explains. Birol.
On BFMTV, raw materials specialist Jean-Pierre Favennec believes that “The storage that can actually be used is a little lower. But let’s say we easily have a month and a half or two months of stock ahead of us.”
A few days ago, the media Vice predicted, based on a report, “that the majority of the American electrical grid was at risk of failing this summer”.
In France too, the nuclear fleet partly shut down and the drought are raising fears of a blackout in the coming months.