Lead owner Shell Canada says Q4 profit fell 64 per cent
BY GORDON JAREMKO
EDMONTON • Alberta’s youngest oilsands producer, the Athabasca Oil Sands Project, yesterday unveiled a six- year construction program to erect four more Edmonton- area bitumen upgraders, expand a Fort McMurray, Alta., mine and open up a new pit.
Also under study is a new Ontario upgrader and refinery in Sarnia.
Athabasca aims to build four new plants producing 100,000 barrels per day each in order to process all of its low- grade bitumen output into refineryready oil, Shell Canada president Clive Mather said.
Cost estimates were under review and not disclosed. But the project’s 60- per- cent lead owner, Shell Canada, raised its production target to 770,000 barrels a day from its former 500,000 barrels daily.
Athabasca minority partners Western Oil Sands and Chevron Canada, which each own 20 per cent, will make decisions on participating in construction as starting times for the stages roll around.
Royal Dutch Shell PLC, while seeking to buy out Shell Canada’s minority shareholders for $ 8.7 billion, supports the oilsands growth program with its established 78- per- cent majority ownership, Mr. Mather said.
Mr. Mather said Shell will not be “ distracted” by market gyrations that cut oil to $ 50 U. S. a barrel this month, or the lowest price since mid- 2005 and 36 per cent below its $ 78.40 peak last summer. “ Prices will fluctuate. Costs will fluctuate as well,” Mr. Mather said.
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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.
