Houston Chronicle
French oil giant says demand could catch supply
Bloomberg News
“If we aren’t careful in the next few years there will be a shortage of oil and gas to cover demand,” Total Chief Executive Officer Christophe de Margerie told French deputies at a National Assembly commission in Paris today. “New forms of energy won’t come quickly enough to compensate.”
Total, along with Exxon Mobil Corp. and Royal Dutch Shell Plc, the world’s two biggest publicly traded oil companies, are facing increasing barriers to oil and gas reserves as resource- holding nations favor national champions. The Paris-based company is also facing political pressure as French truckers and fishermen blockade refineries and ports to protest fuel prices.
Total’s de Margerie fielded a barrage of questions from French deputies over the size of global reserves, rising oil prices and their impact on consumers.
The $80 a barrel cost of producing crude is a new “technical” floor for oil prices, he said, adding that oil prices are likely to remain high in the future.
“What has hurt most isn’t the level of oil prices but the rate at which they have risen,” he said.
Total said two days ago world oil production will reach a plateau of 95 million barrels a day before 2020, placing a limit on growing energy demand.
Raising crude output will depend on “convincing producing countries it is in their interest to produce more,” de Margerie said today. He has stressed that world shortages in supply will come from lack of access rather than dwindling reserves.
Politicians around the world must “measure the impact” of their decisions that will affect production in countries such as Iran, Iraq and Alberta, Canada, de Margerie said.
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.
