Yellow vest protests in France.

https://edition.cnn.com/2018/12/03/europe/paris-yellow-vest-protests-intl/index.html

The French are protesting their own government for fuel hikes!

We cannot underestimate this protest because it has the potential to spread to other European countries especially when the EU economy is not doing well.  The PIGS are especially vulnerable in EU.  The PIGS are Portugal, Italy, Greece and Spain.

If Macron cannot resolve this crisis, he will be dethroned by its people.  Macron can only delay the fuel hikes to defuse the situation but this will not solve the fundamental problem since the OPEC has the intention to cut fuel supply to prop up the oil price.