CEO says nations should open up more territory to satiate demand
Bloomberg News
Aug. 23, 2006, 12:28AM
Exxon Mobil Chief Executive Officer Rex Tillerson urged governments on Tuesday to open more territory to energy exploration to boost supplies and satisfy rising world demand.
“By providing timely access to resources, governments enable energy companies to bring the full extent of their technology and know-how to bear to new supply opportunities,” Tillerson said at a conference in Stavanger, Norway, according to a text of his remarks.
Crude prices have more than doubled in the past three years as surging demand for petroleum-based fuels strained global production beset by war, hurricanes, labor strikes and political unrest.
International oil producers such as Irving-based Exxon Mobil and The Hague-based Royal Dutch Shell have more expertise than state-owned entities that control some of the world’s biggest oil fields, Tillerson said. That expertise is required to fully develop aging or difficult-to-reach reserves, he said.
“Artificial national barriers to competition can slow technological development and limit the long-term value of energy resources for suppliers and consumers alike,” Tillerson said. “Most energy technologies are developed with specific resources in mind. If these resources are made off-limits, the incentive for R&D is reduced.”
Current crude prices are harmful to world economies, Tillerson said during a press conference after his speech.
Developing nations that spend a higher proportion of their gross domestic products on energy are already vulnerable, he said.
Tillerson also said:
•Exxon Mobil hopes that differences with Venezuela over changes in oil contracts can be resolved with negotiations.
•He was unable to provide the financial impact of a slowdown in production from the Prudhoe Bay oil field in Alaska because of pipeline corrosion.
•He wants to expand the company’s oil business in Russia.
•The company plans to increase production in Nigeria at a time when rivals are shutting wells because of unrest.
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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