Andrew Clark
Wednesday November 21 2007
The price of oil closed above $98 a barrel for the first time yesterday as concerns about tight supply, winter demand and global political instability gripped the commodities market.
On New York’s Nymex energy exchange, the cost of a barrel of oil equalled its intraday record of $98.69 before ending the day up $3.39 at $98.03, pushing up against the $100-a-barrel level which it came close to breaching two weeks ago.
The spike was partly a result of a slump in the value of the dollar, which fell to a record low against the euro.
A weak dollar encourages speculators to snap up oil because the commodity is priced globally in the US currency.
Traders were also unsettled by a fire at a Shell facility on the Canadian oil sands in Alberta which prompted concern about a shortfall in supply to the US.
At the weekend Opec declined to increase supply to the global market.
Mahmoud Ahmadinejad, Iran’s president, floated the prospect of switching from the dollar into another currency on the grounds that the greenback was becoming “a worthless piece of paper”.
In London, the cost of Brent crude jumped $3.21 to $95.49.
http://www.guardian.co.uk/business/2007/nov/21/oil1
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.
