Daily Mail (UK): Shell unveils blueprint to boost output
Brian O’Connor,
23 June 2005
SHELL plans to boost oil and gas output by a third in 10 years and to become a major trader in carbon-dioxide emissions.
But its ‘one board, one voice’ plan may need more work. It warned in London that global oil supplies are tight, implying that any setback could drive prices even higher. However, Shell Canada chief Clive Mather said in New York that a price fall was ‘almost inevitable’.
Group chief executive Jeroen van der Veer pointed out that stocks are at ‘pretty normal’ levels.
He said Shell’s long-term plans are still based on a price ‘grid’ around $25 a barrel. Mather said Shell Canada is using $35 for new projects. Last night US crude fell 95 cents to $58.09.
The US Energy Information Administration last night predicted prices would stay higher than $50 on average for the next 18 months.
Van der Veer’s targets for the next 10 years include:
* up to 10 giant ‘elephant projects’ worth billions of dollars – Shell has three;
*to lift annual output – now between 3.5bn and 3.8bn barrels a day – to 5bn;
* to hire 10 chief scientists in fields such as geology; and
* to hire a ‘Mr or Mrs CO2’ to tackle ‘a huge problem for the world’.
Van der Veer said ‘the lion’s share’ of energy needs in 2015 will still come from oil and gas. Shell’s Canadian tar sands will treble output to 500,000 barrels a day.
Renewable energy is ‘simply too expensive’ until technology cuts costs. But cutting CO2 emissions would make oil and gas use cleaner.
Van der Veer said Shell must ‘never again’ go through what it did in last year’s reserves scandal. ‘We have changed the culture of the company. It used to be bottom up, now we have more direction from the top’.
He called the unification of the group into Royal Dutch Shell a ‘historic moment’. Shareholders vote on Tuesday. This will give more room ‘to issue equity and debt’.
This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.
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.
