Energy crisis: what measures were taken in 1973?


Here comes the “end of abundance”. In any case, this is what Emmanuel Macron declared this Wednesday, August 24, 2022, in reference to the energy crisis which the whole of France is facing today. Heavy words, which have also earned him some criticism from his opposition, and which he held in the preamble to the Council of Ministers of the day, as explained by the daily Midi Libre on its site. However, however worrying the situation may seem, it is not entirely unprecedented in the history of France…

And, obviously, the government did not fail to notice it.

This is in any case what emerges from recent statements by Bruno Le Maire, Minister of the Economy as well as Finance, as Ouest-France recalls on its site. “It is no exaggeration to say that this energy crisis, this energy shock of 2022, is comparable in intensity, in brutality, to the oil shock of 1973”, affirmed the tenant of Bercy, from Wednesday March 9, 2022. At the time, continue our colleagues, the defector from the right essentially referred to the rise in the price of a barrel of oil. Today the situation does not seem to improve…

In fact, Emmanuel Macron seems to take the question seriously. This is evidenced by the meeting of a Defense Council entirely dedicated to energy issues this Friday, September 2, 2022, with the aim of evaluating the country’s energy production forces.

But how did Georges Pompidou, President of the Republic in 1973, react to the oil shock? More information about this in our slideshow, which you will find below.