Associated Press: 05.10.07, 5:59 PM ET
The Energy Department said Thursday it awarded a Royal Dutch Shell PLC subsidiary a contract to add 8.7 million barrels of oil to the nation’s emergency stockpile of crude oil.
The company’s Shell Trading Co. unit will provide 50,000 barrels per day over six months starting in August, the government said.
Shell is to provide the oil supplies as in-kind exchange for royalty payments that Shell would otherwise owe the government for offshore drilling.
The government had been trying to buy crude to fill the nation’s Strategic Petroleum Reserve, but suspended its plans for purchases until after the summer due to high crude prices.
The petroleum reserve, intended as a supply cushion in the event of an unexpected disruption, has the capacity to hold 727 million barrels of oil and currently has 690 million barrels stored in underground caverns in Louisiana and Texas. The Energy Department has asked Congress to double the size of the reserve.
Shell shares dipped $1.79 to close at $70.74 in Thursday’s trading. Light, sweet crude for June delivery rose 26 cents to settle at $61.81 a barrel on the New York Mercantile Exchange.
Copyright 2007 Associated Press.
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.
