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Posts on ‘October 25th, 2008’

Oil cartel cuts output but price still falls

Many of the cuts will also hit energy groups working in Opec countries, including ExxonMobil and Chevron of the US, and Total, Royal Dutch Shell, Eni and Statoil of Europe.

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Oil multinationals in “Renewable Energy” – it makes no sense.

We continue to be deluged with corporate advertising claiming that the multinational oil companies are in the vanguard in promoting the benefits of renewable energy. The latest ads from BP, the “beyond petroleum” company, are a case in point. They say that a combination of Oil+Gas+Wind+Solar+Biofuels will give the world a “dependable energy future”. True of course, although they conveniently miss out nuclear power – presumably because there is certainly no chance that BP will go nuclear. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Rapid fall in oil prices brings majors to their pain threshold

The omens are not good. TNK-BP, the Anglo-Russian joint venture, has already indicated a potential $1 billion (£630 million) cutback in capital spending next year, and others are expected to follow suit.

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.
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