Shell Exec: Oil Cos. Follow the Markets
John Hofmeister, president of Shell Oil Company, tells NBC’s ”Today” show that lowering the wholesale price arbitrarily could cause a run on gasoline, which could then run out.
He says the markets set prices and the oil companies follow the markets.
His comments come as the head of the Federal Trade Commission prepares for some tough questioning today on Capitol Hill about price gouging.
Deborah Platt Majoras goes before the Senate Commerce Committee a day after the agency said it found only a few cases of gasoline price gouging after Hurricane Katrina.
It also said there was no widespread effort by the oil industry to manipulate the marketplace.
That’s drawn fire from federal and state lawmakers, but praise from the industry.
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.
