MetroNews (Canada): Shell Canada warns on oil products earnings
Thursday, September 22, 2005
CALGARY, Alberta (Reuters) – Shell Canada Ltd.’soil-products division will generate lower-than-expected third-quarter profit, partly because crude costs rose faster than retail gas prices, the company warned on Thursday.
Shell Canada, the country’s No. 2 oil producer and refiner, also said unplanned maintenance on a compressor in a hydro-cracker unit at its Montreal East refinery also cut throughput, with its Edmonton refinery down for a planned outage.
The turnarounds forced Shell Canada to buy gasoline at high spot prices, it said.
“Despite these issues, adequate supplies of product have been and continue to be available to meet customer needs,” the company said in a statement.
Crude oil prices have jumped by 50 percent this year, hitting a high of more than $70 a barrel after Hurricane Katrina damaged U.S. Gulf of Mexico production and refining capacity.
Refining margins, or the difference in the cost of crude oil and the price of wholesale gasoline, have been wide.
However, marketing margins, or the difference between wholesale and retail prices, have been depressed as pump prices have not kept pace with crude oil prices, the company said.
Shell Canada shares closed down 56 Canadian cents at C$40.25 on the Toronto Stock Exchange. The company is 78 percent owned by Anglo-Dutch oil major Royal Dutch Shell Plc
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.
