Head of the International Energy Agency warned that soaring oil
prices could push the world economy into recession
Daily Telegraph: Dollar weakness spurs oil price rises
Last Updated: 1:19am BST 23/04/2008
Fears of a worldwide recession are growing as the relentless increase in the price of oil shows no sign of slowing.
Oil prices were within a whisker of $120 a barrel in New York yesterday, reaching a peak of $119.90 before closing at $119.37.
The pattern was similar in London where North Sea Brent, the trading benchmark, rose $1.91 to $115.95.
Pleas for calm from Saudi Arabia’s oil minister were ignored as continued weakness of the dollar, down again against the runaway euro on the back of another set of weak US home sales data, helped drive the price into new territory. Analysts said that the dollar was “dominating everything.”
Further disruption in Nigeria, where Shell has been forced to cancel contracts because of fresh attacks on oil installations by militia groups has added to worries about the supply outloook.
Worries about shortages have dominated the International Energy Forum in Rome where the International Monetary Fund has called on Opec producers to accelerate production plans and Nobuo Tanaka, head of the International Energy Agency warned that soaring oil prices cold push the world economy into recession.
Ali al-Naimi, the Saudi oil minister, said there was no immediate shortage of oil. He told a closed session of the conference: “This is not the time to panic and grasp for exotic unproven solutions.”
He added: “I have observed an unprecedented level of uncertainty, doubt and even fear in discussions about the future of energy and its impact on global economic prospects..” The problem, he declared, was not an oil shortage but limited capacity along the entire supply chain.
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/04/23/cnoil123.xml
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.
