Shell, Valero Unfazed So Far By Mexico Oil Export Slump
MEXICO CITY -(Dow Jones)- Two oil refiners in the U.S. that traditionally buy crude oil from Mexico have said they can get crude from other sources, as Mexican exports have slumped this year.
Mexico’s average crude exports plummeted 17.3% to 1.46 million barrels a day during the first five months of the year compared to the year-ago period, contributing to record oil prices.
Royal Dutch Shell Plc (RDSA) is receiving Mexican crude oil at or above levels stipulated in its contract with Petroleos Mexicanos, or Pemex, at its Deer Park, Texas, refinery, Shell said in an email Monday. Shell spokesman Destin Singleton said the refinery also receives crude from other sources.
Valero Energy Corp. (VLO), which buys Mexican Maya crude for several of its refineries, said it is closely monitoring the decline in Petroleos Mexicanos’ oil exports. But despite the decline, a Valero spokesman said it is having no problems running its refineries and can use other grades of crude as a substitute for Maya.
Mexican financial news service Infocel reported on Monday that Pemex has reduced supplies to Deer Park by 15% and to Valero’s Port Arthur, Texas refinery by 5.8%. A Pemex spokesman said the company has had to curb supplies to its foreign clients because it has given priority to the domestic refining network, but didn’t specify who is getting less oil.
-By Peter Millard, Dow Jones Newswires; 5255-5001-5724; peter.millard@ dowjones.com
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(END) Dow Jones Newswires 07-07-08 1909ET Copyright (c) 2008 Dow Jones & Company, Inc.
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.
