6 August 2007
I disagree with your conclusion regarding possible job cuts in pursuit of enhancing BP’s efficiency (“Refilling BP’s Tank,” Global Business, July 23). Benchmarking BP’s stats on revenue, production, and proved reserves per person against those for its rivals (ExxonMobil (XOM ) and Shell (RDS )), I found that BP performs in line with or better than the average, surpassing Shell on every metric except for revenue per person.
During a term project at business school, I found that the primary problem was rooted in the firm’s impaired execution skills. BP’s ability to execute the projects and deliver hydrocarbons to the market still lacks perfection. Examples of failed execution include delays in starting Thunder Horse platform, and an explosion at a Houston refinery facility. This addresses BP’s lower valuation vs. ExxonMobil. With less than sure access to new reserves as well as inflated costs, it is going to be more difficult for BP to maintain margins on its upstream business.
Farid Dadashev
New York
http://www.businessweek.com/magazine/content/07_32/c4045022.htm?chan=search
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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.

























































