Nov 05, 2007 04:30 AM
David Olive
We advised caution last week in betting on the current oil-price “superspike,” given the price slumps that have typically followed such outbreaks of exuberance ever since the first oil shocks of the 1970s.
This time we’ll let an oil giant make our case. It’s unusual for a company to essentially “talk down” the price of its products, but Royal Dutch/Shell PLC wasn’t shy when releasing its third-quarter earnings last week to warn that current record crude prices are being driven not by fundamentals of supply and demand, but speculation and political tension.
Shell would know about the latter, since it’s the rare month that its key Nigerian production isn’t disrupted by rebel groups. And petro-czar Vladimir Putin, showing more backbone than OPEC, has essentially expropriated some of Shell’s most promising Russian reserves.
The oil’s out there. It’s just falling into less stable hands. Which makes oil’s growing unreliability of supply the most powerful incentive for industrial consumers, in particular, to wean themselves from it by switching with increasing haste to alternate energy sources. At which point, as we said, the price will drop.
http://www.thestar.com/columnists/article/273477
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: 
MORE DETAILS:
A head-cut image of Alfred Donovan (now deceased) appears courtesy of The Wall Street Journal.
