21 September 2006
Royal Dutch Shell PLC is standing firm against Moscow’s efforts to alter the early-1990s contract giving it the right to the massive Sakhalin Island oil and natural-gas project, warning that significant holdups will result in delays of liquefied-natural gas shipments to Japan and South Korea scheduled to begin as early as 2008, noting they “form a critical input to the energy balance in these countries.”
Earlier in the week, Tokyo said relations between Japan and Russia might be hurt by any long delays in the deliveries after Russian regulators increased pressure on Shell by pulling a key permit on the project, which is 75% complete, citing environmental violations. Russian officials have said their main concern is cost overruns at Sakhalin that Shell announced last year. Shell owns a 55% stake in the project’s operator, with Japan’s Mitsui & Co. and Mitsubishi Corp. owning the remaining 45%.
The standoff continues even as oil prices fall, helping boost U.S. stock prices. On the New York Mercantile Exchange Wednesday, crude-oil futures for October delivery fell $1.20, or 1.9%, to a six-month low of $60.46 a barrel, hurt by reports of growing U.S. inventories. The day’s selloff, which included a temporary dip under the psychologically important level of $60, pushed oil prices into the red so far this year, off 1%.
Read Chip Cummins’s article:
http://online.wsj.com/article/SB115876776651768968.html
Read a roundup of the day’s oil news:
http://online.wsj.com/article/SB115878378658469217.html
Read a Q&A on plunging oil prices:
http://online.wsj.com/article/SB115877063900369023.html
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.
