By MADLEN READ, The Associated Press
Published: Friday, Aug. 11, 2006
NEW YORK – Crude oil prices fell more than $2 a barrel Thursday as thwarted airplane attacks led many carriers to cancel flights, which could mean dampened jet fuel demand and weaker consumer confidence.
Prices also deflated after Shell announced it was bringing back 180,000 barrels of daily oil production in Nigeria. Goldman Sachs, meanwhile, said it would end its participation in the New York Harbor unleaded gasoline contract, as expected, but wouldn’t roll its money into another contract.
Gasoline prices fell 9 percent to a four-month low, as big funds bailed out of the contract.
On Thursday, British authorities said they had stopped a terrorist plot to blow up several aircraft in flight between the United States and the United Kingdom.
European carriers canceled flights to Britain, where airports were experiencing massive delays. There were delays in the United States, too, amid heightened security.
Tom Bentz, an analyst at BNP Paribas Commodity Futures in New York, said the news “revives fears, and causes people to cut travel plans, which has a contracting effect on petroleum demand.”
Light, sweet crude for September delivery dropped $2.35, or more than 3 percent, to settle at $74 a barrel on the New York Mercantile Exchange – erasing all of this week’s gains, and more. It was the lowest settlement price since July 28.
Gasoline futures dropped 18.33 cents to finish at $1.9889 a gallon, the lowest it’s settled since finishing at $1.9766 on April 7.
Heating oil futures fell 8.13 cents to settle at $2.0250 a gallon.
Brent crude on London’s ICE futures exchange fell $2 to settle at $75.28 a barrel.
On Thursday, a Nigerian pipeline run by Royal Dutch Shell PLC was back in service, according to Dow Jones Newswires. Shell had blocked the 180,000 barrel-a-day pipeline in late July after an unexplained leak.
Southern Nigeria, where most of the nation’s crude is pumped, has seen violence against the petroleum industry rising. Kidnappings and attacks have forced a cut of about 20 percent of Nigeria’s usual 2.5 million barrel daily production.
Also Thursday, Goldman Sachs announced it would not be rolling over its remaining positions in the New York Harbor Unleaded Gasoline contract, which is being phased out because the U.S. government has labeled ingredient MTBE as a pollutant.
“The big players are getting out of it . . . with Goldman Sachs getting out, it’s the final nail in the coffin,” said Phil Flynn, Alaron Trading Corp. analyst, noting that big funds are increasingly trading Nymex’s more environmentally friendly gasoline contract, the Reformulated Gasoline Blendstock for Oxygen Blending futures contract.
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.
