Friday, January 25, 2008
At the World Economic Forum in Davos, Shell’s CEO announced the world demand for oil would outstrip supply within seven years. European correspondent Stephen Beard outlines two possible resulting scenarios with Scott Jagow.
TEXT OF INTERVIEW
Scott Jagow: In Davos, Switzerland, they’re wrapping up the World Economic forum. Today, the head of Royal Dutch Shell met with Nigeria’s president to talk about security and oil. Shell’s CEO is Jeroen Van der Veer. He told his employees something this week that might surprise you: World demand for oil and gas will outstrip supply within seven years.
Our European correspondent, Stephen Beard, joins us now. Seven years? That’s a lot sooner than we’ve heard before, isn’t it?
Stephen Beard: Absolutely. And this is interesting because historically, oil company bosses have not been in the business of saying, “Our principal product is going to run out in a few years, so you better start thinking about alternatives.” But increasingly, that’s precisely what they are saying.
Jagow: So what is he say are the repercussions of that?
Beard: Well, he says we simply have to develop other sources of energy. And he says however much investment goes into renewables, the world is going have to develop more nuclear power. And it’s also going to have to spend a lot more money getting out fossil fuels that are pretty inaccessible, such as the Canadian tar sands and the oil and gas reserves up in the arctic.
Jagow: Does he suggest that Shell is going to get into these businesses?
Beard: No. What he says, he’s being more broad-brushed than that. He says there are two possible scenarios. One he calls “scramble,” and the other he calls “blueprints.” Under the scramble scenario, governments go hell-for-leather, flat out try to lay their hands on whatever energy they can get hold of, such as domestic coal — which obviously is not such good news on the global warming front. Under the blueprints scenario, he says, governments are far more measured, and they try to husband our energy resources more carefully. He doesn’t say which of these two scenarios is likely to materialize. It depends, I suppose, on whether you’re an optimist or a pessimist — whether you think the gas tank is half full or half empty.
Jagow: Haha. All right, Stephen Beard, our European correspondent. Thank you.
Beard: OK, Scott.
http://marketplace.publicradio.org/display/web/2008/01/25/out_of_oil_within_seven_years/
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.
