Thu Oct 25, 2007 9:31 PM BST
(Adds comments from Shell Oil president)
WASHINGTON, Oct 25 (Reuters) – Shell Oil Co.’s (RDSa.L: Quote, Profile , Research) U.S. refineries have all the oil they need to make gasoline and other refined products, the company’s president said on Thursday.
“We have very reliable supply contracts,” Shell Oil President John Hofmeister told reporters.
Separately, Hofmeister said high levels of refined product imports to U.S. shores are weighing down refinery margins.
“Tight refinery margins are largely attributable to continued high levels of imports,” he said.
Still, he said current overall margins are “within normal ranges” and perhaps “somewhat at the low end” in California and in the “medium range” for the Gulf Coast.
Even though refinery margins are tight, Hofmeister said Shell has no plans to slow the expansion of its joint-venture refinery in Port Arthur, Texas.
“Any project that we’re going to do, like the Port Arthur project, is going to be taken in a very long-term view in terms of how we see the markets over the future,” he said.
“We kind of work through these margin cycles — up and down,” Hofmeister said.
© Reuters 2007. All Rights Reserved.
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.
