February 14, 2008: 10:47 AM EST
LONDON, Feb. 14, 2008 (Thomson Financial delivered by Newstex) — Coal will remain one of the world’s main sources of energy over the next 40 years, even replacing oil as the dominant fuel once supply ‘plateaus’ after 2015, said Jeremy Bentham, vice president of Royal Dutch Shell PLC. (NYSE:RDS A)
He told reporters in a news conference coal demand will continue to grow but oil and gas supply is likely to peak sometime between 2015 and 2020. This will occur even at the back of mounting pressure to reduce the use of coal as a measure to curb carbon emissions.
Bentham, the architect of Shell’s Energy Scenarios to 2050, said one of the ‘hard truths’ the industry is facing is that ‘easy oil and gas will struggle to keep pace with the underlying rate of demand’.
Coal, on the other hand, will keep on growing, though not at rates seen over the past decade, because it is cheap and simple to produce, he added.
‘Coal’s widespread availability in places like China and India which are large (energy) consumers’ will also help underpin growth, Bentham said.
Around 80 pct of the world energy consumption currently come from fossil fuels such as oil, gas and coal.
Nuclear is not playing a key role in Shell’s energy scenarios which predict a doubling in demand through 2050 from 2000 levels of around 400 exajoules a year.
‘The nuclear industry was almost wiped out in the last 20 years,’ Bentham said, adding there will be a ‘massive amount of decommissioning over the next decade’.
Rebuilding capacity and ‘recreating the industry will just take time,’ he noted.
He declined to specify the oil price assumptions in the company’s energy scenarios, though he did point out a less volatile oil market is a situation it prefers.
‘For us, a more anticipatory outlook is a better outlook for the industry,’ he said.
Copyright Thomson Financial News Limited 2007. All rights reserved.
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.
