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Posts on ‘May 5th, 2008’

OPEC ‘can no longer be a cartel’

Clinton's attacks on oil prices as artificially inflated, Enron-style, keep escalating, and today she appeared to threaten to break up the Organization of Petroleum Exporting Countries.

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Supply Worries, Sinking Dollar Pushes Crude to a New Record

NEW YORK -- Crude-oil futures prices surged to a record high above $120 a barrel Monday, but settled just below that mark, spurred by renewed concerns over tightening supplies ahead of the peak demand summer driving season.

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Iran Unaware of Shell, Repsol Plan to Quit

TEHRAN (FNA)- Iran said on Sunday that it has not been informed of any plan by Royal Dutch Shell Plc and Spain's Repsol to withdraw from a $10 billion natural gas project in the Middle East country.

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

London Array: Shell Lets Her Majesty Down

The UK was set to be the world leader in building offshore wind farms, but Shell said it was selling its stake in what would be the world’s biggest, with a 1,000 megawatt capacity.

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Running out of Oil: Shell Execs Briefed on Peak Oil in 1956

When did Shell executives first learn that the world would one day face the moment of peak oil, known to many as Hubbert’s Peak? Answer: as far back as 1956 when M. King Hubbert delivered his seminal speech to Shell employees predicting the day when oil reserves would begin to decline. For more than a half century, Shell has known that the world of the 21st Century would begin running out of oil with disastrous ramifications. Yet little was done to prepare society.

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Oil Rises Above $120 to Record on Concern Over Nigeria Attacks

May 5 (Bloomberg) -- Crude oil rose above $120 a barrel to a record in New York on concern that production disruptions in Nigeria, Africa's biggest producer, will limit supplies.

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Big Oil’s Friends in the Senate

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NEW YORK TIMES EDITORIAL: Big Oil’s Friends in the Senate

Published: May 5, 2008

Listen to almost any politician, President Bush included, and you’ll hear that the fight against global warming cannot be won without cleaner technologies that will ease dependence on fossil fuels. Yet these same politicians are on the verge of allowing modest but vital tax credits to expire that are crucial to the future of renewable energy sources like wind and solar power.

These credits are necessary to attract new investment in renewable sources until they become competitive with cheaper, dirtier fuels like coal. When the credits disappear, investments shrivel. The production tax credit for wind energy has been allowed to expire three times. In each case, new investment dropped by more than 70 percent. The credits for wind and solar expire at the end of this year, so action now is important. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Oil rises more than $1 on Nigeria, Iran supply concerns

PERTH, May 5 (Reuters) - Oil rose more than $1 to above $117 a barrel on Monday, extending the previous session's 3 percent gain, supported by further supply disruptions in Nigeria and tensions between Iran and the West.

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

We’re Nearing Crunch Time for Oil

After what I suspect will be a successful near term test of the $100 support level, the oil price should continue edging up, perhaps exceeding $200 by the end of 2009. But just as $100 oil is now starting to look like a bargain after we’ve seen oil pushing $120, so will $175 oil seem like a bargain when oil is trading at $200, etc.

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Oil Trades Above $116 on Nigerian Supply Concern, U.S. Demand

Rebel attacks on an oil-transfer facility in Africa's biggest producer have forced Royal Dutch Shell Plc to reduce output, the Associated Press reported May 3, citing the company.

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Shell Shuts Down Production After Militants Attack

Royal Dutch Shell over the weekend shut down more of its production following fresh attacks on its facilities by militants in the Niger Delta.

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Shell output in Nigeria cut after raid

Militants in Nigeria attacked Royal Dutch Shell facilities in southern Delta over the weekend, leading to another cut in output.

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Shell axes 400 more Euro jobs

Just two weeks ago, Shell said 350 UK North Sea staff and contractor jobs would be lost, but a further 260 posts have been added to that. Around 200 of them will be onshore jobs at Lowestoft in East Anglia. Another 100 jobs will go in Aberdeen and London.

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Niger Delta armed group claims Shell attack

LAGOS (AFP) — Niger Delta's most prominent armed group MEND claimed responsibility Sunday for an attack on Anglo-Dutch oil group Shell's facilities in southern Nigeria.

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.
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