The Scotsman: Days of cheap oil over as prices reach record levels
“An industry source said that Shell has lost up to 40,000 barrels of daily oil production as violence swept across Nigeria’s Delta region.”
CATRINA STEWART
28 Sept 04
GLOBAL oil prices neared $50 a barrel yesterday, as they climbed to their highest levels on the back of an outbreak of violence in Nigeria.
US light crude oil, the American benchmark, peaked at $49.75 a barrel, its highest level in 21 years of trading on the New York Mercantile Exchange. Brent, Europe’s benchmark crude, also set new records, at $46.28 a barrel.
Prices eased in afternoon trading, but analysts warned that the era of cheap oil was over and predicted that futures would hit $50 a barrel later this week.
The price of crude has reacted violently to recent short-term disruptions to supply. An industry source said that Shell has lost up to 40,000 barrels of daily oil production as violence swept across Nigeria’s Delta region.
Short-term disruptions to supplies in Iraq, Venezuela and the US over the past 18 months have been compounded by the rapid growth in energy demand in China and India, two of the world’s fastest-growing economies.
http://news.scotsman.com/international.cfm?id=1134062004
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Royal Dutch Shell conspired directly with Hitler, financed the Nazi Party, was anti-Semitic and sold out its own Dutch Jewish employees to the Nazis. Shell had a close relationship with the Nazis during and after the reign of Sir Henri Deterding, an ardent Nazi, and the founder and decades long leader of the Royal Dutch Shell Group. His burial ceremony, which had all the trappings of a state funeral, was held at his private estate in Mecklenburg, Germany. The spectacle (photographs below) included a funeral procession led by a horse drawn funeral hearse with senior Nazis officials and senior Royal Dutch Shell directors in attendance, Nazi salutes at the graveside, swastika banners on display and wreaths and personal tributes from Adolf Hitler and Reichsmarschall, Hermann Goring. Deterding was an honored associate and supporter of Hitler and a personal friend of Goring.
Deterding was the guest of Hitler during a four day summit meeting at Berchtesgaden. Sir Henri and Hitler both had ambitions on Russian oil fields. Only an honored personal guest would be rewarded with a private four day meeting at Hitler’s mountain top retreat.
IN JULY 2007, MR BILL CAMPBELL (ABOVE, A RETIRED GROUP AUDITOR OF SHELL INTERNATIONAL SENT AN EMAIL TO EVERY UK MP AND MEMBER OF THE HOUSE OF LORDS: 
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A head-cut image of Alfred Donovan (now deceased) appears courtesy of The Wall Street Journal.
