City & Business
Briefing: WEEK AHEAD
Monday 22 October 2007
OIL majors BP and Royal Dutch Shell are expected to report sharp falls in third-quarter profits this week. Both have suffered problems, with costs rising, output falling, a weaker dollar and tighter profit margins in refining overcoming the positive effect of soaring oil prices.
BP chief executive Tony Hayward has teed the City up for gloom. In a leaked memo to staff he warned results would be dreadful. Shell’s performance is expected to have been only a little better.
Tomorrow BP is likely to report underlying post-tax profits of $3.96 billion (£1.93 billion) for the third quarter — about 30 per cent lower than last year. On Thursday Shell’s consensus forecasts put profits at $5.64billion (£2.7billion) for the quarter, representing a fall of nearly 20 per cent on the same period last year.
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.
