The price of crude oil resumed its volatile trading Tuesday, jumping 66 cents a barrel to close at more than $72 on the New York Mercantile Exchange, driven in part by fresh evidence of China’s thirst for oil. Here is today’s news roundup on oil and energy.
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STILL THIRSTY FOR OIL: China’s oil consumption rose 10.8% in April from a year ago, the biggest such gain since 2004, the state-run Xinhua news agency reported. Beijing recently lifted the cap on fuel prices in China, encouraging refiners to buy more oil to make more fuel, feeding the surge in demand. Strong oil consumption in China, the world’s No. 2 oil consumer after the U.S., has helped keep global energy prices high.
NO NEW NATIONALIZATION: Ecuador’s Energy Minister Ivan Rodriguez said his government doesn’t plan to nationalize its oil industry, just days after it canceled contracts with Occidental Petroleum, raising fears it would follow the lead of Venezuela and other resource-rich nations in taking control of its oil assets. The pledge came on the occasion of a visit from Venezuelan President Hugo Chavez, a leader in the global movement to nationalize natural resources.
•Israeli IPO: Israel plans to sell more than 50% of state-owned Oil Refineries Haifa on the Tel Aviv Stock Exchange by November or December, Israeli business daily Globes reports on its Web site.
•Irish Conservation Pact: Ten of Ireland’s biggest companies agreed to save energy and adopt renewable fuels, Ireland Online reports.
•L.A. Oil Spill: An oil spill from an overturned tractor trailer closed the eastbound 60 Freeway in downtown Riverside, Calif., for much of the day, including part of the evening rush hour, the L.A. Times reports.
•As the Turbine Blade Turns: The California Energy Commission will spend $380,000 to study whether grazing sheep can be deployed to help keep eagles, hawks and other predatory birds from being killed by wind turbines, the San Jose Mercury News reports. Apparently, high grass near California turbines invites ground squirrels, which attract the raptors, who get caught in the turbine blades.
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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.

























































