Graeme Wearden
Friday October 26, 2007
Renewed fears over relations between the US and Iran helped to push the oil price to a new all-time high this morning.
The price of a barrel of oil for December delivery reached $92.01 a barrel.
Traders said the economic sanctions announced yesterday by US secretary of state Condoleeza Rice against Iran had fuelled concern over rising tensions in the Middle East.
There were already worries that military action between Turkey and Kurdish rebels could disrupt supplies.
The oil price was as low as $50.48 back in January, but could now be on track to hit the $100 a barrel mark.
The weak dollar is also driving the oil price higher. It hit a new all-time low against the euro of $1.4364 this morning, amid speculation that US interest rates will be cut next month. A cut would stimulate the economy and increase demand for oil, economists believe.
Oil-producing nations are resisting calls to increase supply, insisting that the rising prices are not caused by product shortages.
“There is no interruption of supply. There’s a lot of oil in the market”, said Abdalla El-Badri, secretary general of Opec, yesterday.
Royal Dutch Shell also said on Thursday that political tension and market speculation, not supply problems, were causing record oil prices.
http://business.guardian.co.uk/story/0,,2199775,00.html?gusrc=rss&feed=24
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.
