BirminghamPost.com
Expect to see a gush of black, sticky and highly toxic opprobrium to be poured over BP and Royal Dutch Shell this week.
Both oil giants, always candidates for a caning by the self-righteous brigade, can expect it to be laid on good and hard, especially if, as predicted, they announce a combined profit of some £8 billion in the third quarter.
At least it will be take some pressure off the banks for a few days, at least.
BP, which reports its Q3 results on Tuesday is expected to report profits of £4.2 billion, a rise of 130 per cent over the same period last year.
Shell will follow on Thursday with a figure somewhere in the £4.6 billion ballpark, which would represent a rise of about 46 per cent, the analysts have calculated.
So, with pump prices (again) falling at a slower rate than crude prices, protests will be shrill and sustained.
The July-August returns, though, are likely to represent the high water mark for the oil industry.
Crude hit $147 a barrel in July but was last week bobbing around the $60 mark.
At the forecourt, prices that were once hovering close to 120p per litre of standard unleaded, are now generally back below £1. Those are figures that will inevitably trickle through to BPs and Shells fourth quarter results but at a price.
Falling crude prices have given risen to worries about oil companies earnings and dividend prospects, as well as their ability to fund investment projects across the oil and gas industry.
Two points to make here.
One, dividends are crucial element of the income of pension funds and private investors.
Second, with energy becoming a precious resource, any reduction in exploration and product development is bad news.
Gordon Brown is already flailing around, threatening the oil companies with the Office of Fair Trading if they do not pass on falls in crude prices to consumers at the rate he deems desirable.
And in the current febrile climate, its a turn thats likely to go down well with an electorate thats under pressure from all quarters.
But theres more at play here than perceived profiteering.
Opec, the oil-producers cartel that has had the western world over a barrel for far too long, is threatening to cut production in response to falling prices.
Expect pump prices to start going north again any day soon.
This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.
















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.

























































