The Shell boss Jeroen van der Veer says higher oil prices is not all good news for producers
By Russell Hotten
Last Updated: 4:08pm GMT 07/01/2008
The chief executive of Royal Dutch Shell, Jeroen van der Veer, has warned that higher oil prices are slowing the start of new production projects.
Governments, which award operating licenses, are driving a harder bargain to ensure they get a share of the revenues.
Mr van der Veer told Shell’s in-house magazine that governments’ “active interest” in their domestic oil industry is starting to “have an influence on the tempo in which new projects start production.”
He said: “You’d think that higher oil and gas prices result in an acceleration of the decision-making, but in reality the opposite happens….[Governments] negotiate longer than in the past about their share in the proceeds.”
Last week oil prices in New York briefly topped $100 a barrel for the first time as the cold weather in Europe and America boosted demand and violence in Nigeria, Africa’s largest producer, heightened concerns about a disruption to supplies.
Mr van der Veer told Shell Venster magazine that he was “relatively” surprised by the strength of demand despite the high oil price. “But I think that demand will react at the current price, albeit with a certain delay,” said Mr van der Veer, who expects slowing demand. There’s also a lot of psychology in the oil price, he said.
Shell, Europe’s largest oil company, invested about $2bn a month in 2007. The company estimates by 2015 about 15pc of its production will come from unconventional oil projects, such as its oil sands operations in Canada.
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/01/07/bcnshell107.xml
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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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