By Benoit Faucon
Last Update: 6:35 AM ET Mar 14, 2007
LONDON (MarketWatch) — Royal Dutch Shell PLC expects oil prices to stay robust in 2007 but see them trending lower this year than in 2006, the company said Tuesday in its annual report.
In its report to the U.S. Securities and Exchange Commission, the company said “we expect oil prices, on balance, to remain robust in 2007 with ongoing geopolitical tensions.”
But without major supply disruptions, prices “may trend lower than in 2006” because of potentially slower economic growth, along with stronger supply growth and higher capacity levels from the Organization of the Petroleum Exporting Countries, Shell added.
Brent crude oil prices averaged $65.10 a barrel in 2006.
In the medium to longer term, the Anglo-Dutch major “anticipates prices to moderate from present levels, as both supply and demand are expected to respond to a higher price environment and OPEC spare capacity is being rebuilt.”
The company also said Henry Hub prices, the U.S. gas benchmark, are expected to remain at present levels in 2007.
Company Web site: http://www.shell.com
-Contact: 201-938-5400
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.
