THE WALL STREET JOURNAL: Crude Oil Touches $117
By GREGORY MEYER
April 19, 2008; Page B4
Crude-oil futures touched $117 a barrel and ended at their fourth record in five sessions Friday after a flurry of buying instigated by supply worries.
Light, sweet crude for May delivery gained $1.83, or 1.6%, to settle at $116.69 a barrel on the New York Mercantile Exchange and rose as high as $117 a barrel after floor trading closed.
Oil markets were rattled by a pipeline leak in Nigeria, a major exporter of a high-quality crude blend similar to that delivered against the Nymex benchmark. A spokesman for Royal Dutch Shell PLC, part of a joint venture that operates the line, said the damage appeared to have been caused by explosives, and a “small quantity” of production was shut down for repairs.
Though involving a tiny amount of the world’s crude flow, the leak was the latest reminder of the instability that has plagued supply from Africa’s largest oil producer. “It just goes to show the geopolitical tensions still exist,” said Nauman Barakat, senior vice president at Macquarie Futures USA in New York.
Many market participants said the day’s swing reflected a bias toward buying into declines since recent selloffs have proven ephemeral. “Every time it dips, the buyers come back in, and before you know it, you’re making new highs,” said Tom Bentz, a broker and analyst at BNP Paribas Commodity Futures.
Write to Gregory Meyer at [email protected]
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.
