Posted by WSJ.com Staff
The Financial Times writes that the world’s oil industry is dominated by a new group of “Seven Sisters,” a reference to the old lineup of oil giants that dominated the world before OPEC rose to prominence: Esso (now Exxon Mobil), BP, Royal Dutch Shell, Chevron, Mobil (now part of Exxon Mobil), Gulf Oil (now split between BP and Chevron) and Texaco (now also part of Chevron).
The new Seven, per the FT, are Saudi Aramco, Russia’s Gazprom, CNPC of China (parent of PetroChina), NIOC of Iran, Venezuela’s PDVSA, Brazil’s Petrobras and Petronas of Malaysia.
All are state-controlled. A few are owned by governments that are less-than-friendly, if not downright hostile, toward the U.S. Many are flexing their “resource nationalism,” wresting control of lucrative oil and gas projects from foreign companies, including the old Sisters.
Together, the FT points out, the new Sisters control more than 10 times the oil reserves of the old Sisters. They produce more than twice as much oil as the old Sisters.
The new Sisters only lag the old Sisters in net income. But the new group will likely control the world’s production for decades to come, so they should make up that ground soon. And investors have already bid up their shares on the world’s stock markets, lifting the market capitalizations of the biggest New Sisters past those of most of their developed-world rivals. The Old Sisters may never make up that lost ground.
– Mark Gongloff
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.
