neftegaz.ru: Oil Prices: Anyone To Be Blamed But Shell
15.04.2008 08:59
Shell Oil Co. president said Monday his industry isn’t to blame for the soaring prices of gasoline and said America must produce for more domestic oil even in spite of the fact that biofuels and other alternative sources gather pace.
Regarding an alternative-fuels conference in Sacramento Mr. John Hofmeister addressed with following words: “We see no alternative” in the short run, he said in his keynote speech to the Low Carbon Fuels conference. He hailed the potential of new forms of ethanol and other futuristic fuels but also delivered an old-school message: Conventional fuel from crude oil will continue to dominate for the foreseeable future.
And unless companies like Shell are allowed to produce more oil from domestic sources, the industry will have to import more and prices will stay high, he said. Although critics have been blasting the oil companies for record profits, Hofmeister said oil companies can’t be faulted for prices that hit a record-high national average of $3.37 a gallon for self-serve regular this week.
Rather, the high cost of crude, which closed Monday at $111.76 on the New York Mercantile Exchange, is the major culprit, he said in an interview. Crude is responsible for some 70 percent of the price of gasoline, he said.
But Hofmeister said America must develop alternatives and drill for more oil at the same time. In fact, if domestic drilling doesn’t pick up, millions of Americans will suffer the burden of ever-higher prices.
[Neftegaz.RU]
http://english.neftegaz.ru/lenta/show/77935/
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.
