From our Shell News Archive Monday 15 November, 2004
BLOOMBERG: Shell Shifts Europe Oil Exploration to Northern, Deeper Waters: “Royal Dutch/Shell Group, the world’s third-largest oil company, said it’s looking to the North Atlantic Margin for its next big European oil and gas finds as it seeks to replace older, flagging North Sea reserves.” (ShellNews.net) 15 Nov 04
Barron’sOnline: The Gathering Storm: The dean of energy analysts sees a difficult future: “THE ENERGY CRISIS WE ARE IN today is entirely different from the temporary problems we experienced in 1973-74, 1979-86, 1990-91 and 2000”: “There could be a good deal of time wasted in recrimination while we seek to pin responsibility on culprits and conspirators and demons”: The great Shell Oil geophysicist, M. King Hubbert (1903-1989)… …predicted that the peak of U.S. oil production would occur in the early 1970s (and, despite considerable skepticism about his prediction, he was right on target).” (ShellNews.net) 15 Nov 04