THE WALL STREET JOURNAL ONLINE
October 26, 2006 4:56 p.m.
Crude-oil futures fell by more than $1 a barrel to nearly $60 on the New York Mercantile Exchange, as some traders locked in gains following a two-day rally on colder weather and a U.S. Department of Energy report of an unexpected drop in crude stockpiles. Here’s Thursday’s roundup of oil and energy news:
* * *
EXXON’S WHOPPING PROFIT: Exxon Mobil reported its second-highest quarterly profit ever; and amid continuing political pressure on the oil industry, it said its fossil-fuel production rose 7%, a sign of what it called “active efforts to increase world energy supplies.” The world’s largest publicly traded oil company reported third-quarter net income of $10.49 billion, up 6% from a year ago and the second-best quarter ever for any publicly traded company.
•Shell Profit Falls: Royal Dutch Shell said third-quarter earnings fell from a year earlier, hurt by rising costs, higher taxes and production difficulties in strife-torn Nigeria. But a big asset sale last year made comparisons particularly unflattering, and analysts said Shell did better than they expected in the tough operating environment.
•Citic Makes a Deal: Citic Group, the Chinese state-controlled conglomerate with interests from banking to real estate, said it has reached an agreement to buy an oil field in Kazakhstan from a Canadian company for $1.9 billion. If approved by shareholders and regulators, this would be one of China’s biggest overseas oil deals in its quest to lock in more energy supplies.
•Chinese Companies Close Value Gap: Four years ago, shares of Chinese oil companies traded at a roughly 75% discount to major international energy firms in terms of their price-to-earnings ratios. Today, that discount has narrowed to almost nothing.
•Barclays Buys U.S. Energy Firm: In its first foray into both U.S. and energy private equity, Barclays has taken a 40% stake in Texas-based private-equity fund NGP Energy Capital Management. With $3 billion in assets under management, NGP Energy invests in oil and gas production.
•Exxon Sees no Sakhalin Woes: Exxon Mobil does not expect major issues to arise out of an environmental probe by the Russian government on its Sakhalin-1 project. The same probe has been a headache for Shell, however.
•Venezuela Seeks More OPEC Cuts: Venezuela’s oil minister said OPEC should cut an additional 300,000 barrels a day of crude output at its next meeting in December.
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: 
MORE DETAILS:
A head-cut image of Alfred Donovan (now deceased) appears courtesy of The Wall Street Journal.
