G7 summit: Macron denounces the “war profiteers who make a lot of money” on oil and gas


Despite the war in Ukraine, the President of the Republic wondered about the reasons for the surge in energy prices. By pointing the finger at the “superprofits” of “producers” and “speculators”.

The president raises his voice. While Emmanuel Macron has been in Bavaria since the beginning of the week on the occasion of the G7, he did not hesitate to show his dissatisfaction with the rise in energy prices which, according to him, cannot be explained not only by the warlike context in Ukraine. During a press conference on Tuesday, the head of state castigated the “producers who make superprofits in oil and gas.“Before wondering about the”real production justification for prices to soar so much.“For the President of the Republic, “today we have some producers and a lot of speculators who are making a lot of money on the geopolitical context. Can it last? No.»

The Head of State, who had already denounced a “tax from abroad” and “the taxpayer’s money was not intended to compensate (him)“, gave a layer. “We have systems and markets that went wrong because of the war, we have people who speculated on the war and today there are people who are making a lot of money on the war. They’re called war profiteers.“Launched the tenant of the Elysée. Despite the shields put in place by the State since the end of 2021 on energy prices, the latter took the opportunity to demand a change “of the operating rules of the electricity market.» «I don’t understand how we can accept for very long that taxpayers’ money in our countries is used to help households to be able to live in times of war and that besides that, there are people who get rich a lot in times of war“, in particular mocked Emmanuel Macron.

Finally, the Head of State considers that if the organizations in charge of these issues do not succeed in stemming this surge in prices, “we will have a problem, a political problem” and that'”there’s a part of the equation that (he) can’t fully explain.The opportunity to sum up the absurdity of the energy situation with the following formula:Honestly it’s the Shadoks, what we’re going through“.



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