By Maher Chmaytelli and John Dawson
Jan. 23 (Bloomberg) — Royal Dutch Shell Plc’s Chief Executive Officer Jeroen van der Veer said Europe’s economic growth remains sufficient, while global energy consumption will continue to increase.
“Demand for energy this year will be higher than last year’s,” Van der Veer said today at the World Economic Forum in Davos, Switzerland. U.S. economic growth concerns won’t immediately affect demand for crude oil and gas because “the jury is still out” on whether the world’s largest economy will enter a recession, Van der Veer said.
The U.S. Federal Reserve yesterday cut its benchmark lending rate to 3.5 percent, the first emergency reduction since 2001, after global stock markets tumbled amid concern the U.S. is sinking into economic decline.
Shell, whose output has dropped for four consecutive years, plans to revive production growth through projects including a natural-gas-to-liquids venture in Qatar and Canadian oil sands.
The company, based in The Hague, remains “committed” to Nigeria, where oil production has been hampered by militant attacks and social unrest, Van der Veer said. Talk of a project to develop Russia’s Yamal peninsula is “too early,” he said. “It will take a long time to develop that.”
Shell, due to release fourth-quarter earnings Jan. 31, will “take into consideration” all economic concerns before increasing or starting new share buyback programs. “In the past when oil prices were high, we did buybacks,” Van der Veer said.
To contact the reporters on this story: Fred Pals in Amsterdam at [email protected] ; John Dawson in London at [email protected]
Last Updated: January 23, 2008 05:22 EST
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.
