LISA SCHMIDT
Canada’s biggest oil companies have pumped out another record year in profits, taking in a total of $12.1 billion in 2006 to put the sector into the double digits for the first time.
Driven by soaring oil prices, the combined earnings for Canada’s integrated companies — which both explore for and refine oil and gas— were 25 per cent ahead of 2005 and up nearly 70 per cent from only twoyears ago.
Husky Energy Inc., the last of the Calgary-based integrated companies to report annual earnings for 2006, on Monday said its profits rose to $2.7 billion, topping a record $2 billion in profits the previous year.
It follows record profits at Imperial Oil Ltd. and Suncor Energy Inc., which both chalked up $3 billion in profits last year. Petro-Canada and Shell Canada Inc. earned less than the previous year but still churned out a very healthy $1.7 billion.
The question now is whether the industry — wrestling with rising costs and lower prices for oil and gas — can follow up 2006 with yet another round of record-breaking numbers.
“Is there more yet to come? Most likely,” said Martin Molyneaux, an analyst with FirstEnergy Capital Corp. in Calgary.
“The real key to this whole thing is how much of all of these company’s cash flow are they going to redeploy into generating more oil. That’s the only thing that’s going to drop oil prices is increasing supply.”
The Canadian profits are still a only fraction of those in the U.S., where the latest round of record earnings have sparked more backlash from critics calling for higher taxes on the sector.
The three largest U.S. energy companies — ExxonMobil Corp., Chevron Corp. and ConocoPhillips — together produced a fourth-quarter profit of $72 billion.
ExxonMobil notched a new high for corporate profit, taking in nearly $40 billion in 2006, a 10 per cent jump from a record in 2005.
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.
