TheGlobe&Mail.com
Peak oil at the boardroom table
The impasse between oil-patch buyers and sellers may have been broken Monday when Royal Dutch Shell agreed to pay up (waaaay up) for Duvernay Oil, but now a debate is starting about what that means for the price outlook for energy.
One of the reasons that patch M&A has been relatively quiet even as prices rocketed higher is that there was a mismatch between the forecasts of sellers, which were overwhelmingly that oil and gas were headed further into the stratosphere, and buyers, who weren’t so sure commodities might not come crashing down and put oil closer to $100 a barrel.
Some dealmakers will tell you that it’s the hardest to agree on price and get a buyout done when any commodity reaches a potential top for precisely that reason. It’s much easier to find common ground just before the peak and just after. So with Shell agreeing to pay a hefty 42 per cent premium for Duvernay, the debate is now on: Does that signal that the buyers have come around to the sellers’ way of thinking? And if so are we just before the peak or just after?
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.
