Here is a brief summary of the various infos of this Pieces à convictions.
Here is the Stream video for those who have the time:
http://programmes.france3.fr/pieces-a-c ... 965-fr.php
a) The prices of large surfaces that go up!
- At first the journalist makes a lawsuit of intention to the big distributor: it looks like he blames them for ... to marry! And not to SURMARGER ... The trade of a trader is to MARGER it is not that the problem!
There really was an error of analysis grâve!
- Proof of this error of monumental analysis of the journalist: a director of System U proves black and white that
System U makes more margin on a "U product" than on a big brand all this by selling it for less. The following sentence of the journalist "they make too many margins that's why the prices go up" ...
This journalist should be fired! And to say that I have already been contacted by the team Piece Conviction about the Gillier Pantone ... well I will know that their objectivity low wing!
- There are 7 retail groups in France, so no competition (good?)
- According to this report: we can only do its run in the great distrubtion ... Another lack of analysis! They would have done better to go compare the prices with small traders (butcher, baker ...) for 1 can break this popular thought that is to think of doing good business in supermarkets!
- The franchisee (shopi et cie ...) buys more than the franchisor (a group of large retailers) sells directly to the customer. It's a lamentable system that goes bankrupt!
- Law of Economic Modernization: allows decreasing prices currently "prohibited" (whether we buy 1kg or 20 Tons the supplier price must be the same for everyone! I have a little trouble believing it ...) and increase in the number of supermarkets (> 1000m²). But in the end we remain skeptical about the effects. Between 1 strongly competitive region and another reliably there are 10% differences on the average basket.
- A family shows a pack of pasta ... 4 kg! kk1 knows where we can buy them?
b) Agricultural speculation
- I learned that anything (you, me) can speculate on the price of wheat ... we can buy it as a classic action! I find it profoundly immoral ... that we can play with the industrial results ok but with the hunger of people I find this way ...
- All the guys interviewed (speculator, pension fund ...) say that (necessarily) it's not their fault: it's the system. Pov band Cons!
- Wheat: + 70% in 2007. Some farms doubled their margins.
- All the agricultural prices of the planet are fixed in Chicago (for those who did not know it yet): explain me pkoi a French wheat and a Chinese wheat must have the same price !!!
- Pension funds and hedge funds have largely speculated on wheat and corn last year after they do not come to tell me that it is EXCLUSIVELY the fault of agrofuels!
- In 2007, a kg of wheat leaving the mill went from 0.18 € to 0.28 € for a selling price of 0.40 €. The wheat mills therefore lost money on the "mill" part (because they also have a trading part where they made a lot of money). Soufflet mill turnover: € 500 million.
- Cargill: 160 000 employees for 4 000 $ M in net profits per year
- J. Ziegler: it is necessary to prohibit the speculation on the products of 1ere necessity (+ 1)
c) Oil
- current production: 86 M barrels / day. Probable maximum production: 95 M b / d
- North Sea: 3 / 4 exhausted. Extraction cost: about 30 $ per barrel.
- Peakoil reaches the USA ... in 1976! So we have a previous peako despite what we can hear here and there ...
- According to Eric Laurent, the latest oil companies have invested 8 000M $ to discover new deposits. They discovered for 4 000M $ about 50% of the investment (unless doubling the selling price ...)
- A bed of an oil rig is billed ... € 500 ... I found it a bit "big". There are some who get greased on the tankers would say good!
- Total reverse 90% in royalities in Qatar. There is a lot of water in Qatari oil. Qatar is building a new city entirely dedicated to oil and gas: Energy City.
- The rise in oil in the USA has led to a drop in consumption of 0.6M b / d (on 20 M b / d of total consumption)
- A former ARAMACO claims (after leaving his post, of course ...) that all oil reserves are overvalued. For Saudi Arabia it is about 65% (but read the last point).
- Current global reserves seem overvalued by 25%
- We end with The flock Prigent who says very precisely (what is said on econo since 1 moment):
that it is not possible to define a reserve in the medium term because the notion of reserve is strongly linked to the price of the product. Thus, if the price increases, deposits not considered as a reserve, which are economically exploitable / profitable, become so. In 5 years he sees the barrel at 200 $ sustainably.
In the US some wells have been abandoned with 95% of the untapped oil. Moreover we would have explored for the moment that 1 / 3 2 / 3 sedimentary basins and technology is currently accelerating (rising prices).
In short, he makes us "understand" that the 50 years of reserve in everyone's mind = pipo.