World oil not running out but difficult to exploit – Shell
World oil and gas reserves will not run out in the near future, even though exploiting remaining reserves will become increasingly difficult, Royal Dutch Shell chief executive Jeroen van der Veer said last Tuesday.
Speaking at the company’s annual general meeting, Van der Veer said the majority of easily exploited resources were already in production. But the company had for years been working on exploiting other reserves, such as Canadian tar sands, Deutsche-Presse-Agentur (dpa) quoted him as saying.
Current high oil prices made these reserves viable, as well as exploiting reserves in inhospitable regions, like the east Russian Sachalin-II project. Higher investment was required in such projects, Van der Veer said, noting that Shell had announced in May that it was investing USD 19 billion. Van der Veer said that the Sachalin-II project, in which Shell has a majority stake, was now 70 percent ready. Shell expects to be producing oil and gas from the project by 2008.
Van der Veer acknowledged that Shell had underestimated the difficulties with Sachalin-II, but said the project remained an “attractive investment.” Meanwhile, Shell is thinking about using alternative sources to generate power in Russia, Graeme Sweeney, CEO of Shell Renewables, told reporters. Interfax quoted him as saying Shell doesn’t have any current plans, but is holding talks on what kinds of businesses to include in its asset portfolio in Russia.
He said that Duncan Macleod, Shell Hydrogen vice president, was expected to be in Moscow this week to discuss this issue. The possibility has appeared to use hydrogen considering Russia’s large coal reserves, Sweeney said. Big wind energy centres could also be built in Russia, he said.
Using renewable sources of energy will help create energy safety by diversifying sources of supply, Sweeney said. Renewable sources of energy only account for one percent of Shell’s portfolio. Shell used USD one billion on projects to develop renewable sources of energy over the past five years.
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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.
