Wednesday, May 28, 2008
The price of oil has been in the headlines now for weeks, and protests have erupted not only in France but elsewhere. A useful primer on the oil market is this paper by James Hamilton. Complementary sources of energy--electricity and gas--are taken up in a report for the Conseil d'Analyse Économique (no. 74), which can be found here. In the latter, see especially Elie Cohen's comments on problems of institutional design in energy market regulation, beginning on p. 99.
President Sarkozy is soon to lose his mind, or at any rate the brains of his operation: Emmanuelle Mignon, the top-ranked énarque who played a key role in preparing the candidate for the campaign, is said to be leaving her job in the fall. Her replacement is reportedly Christian Frémont.