Oil prices continued to slide this week with crude at one point dipping below $55 a barrel - the lowest since early 2007 - as official data pointed to a longer and more intense global economic downturn than previously forecast with an accompanying slump in worldwide demand for commodities.
November 15th, 2008:
Opec raises the prospect of a cut in oil output
Royal Dutch Shell downgraded to “hold”
newratings.com
11/14/08 – ING Financial Markets
LONDON, November 14 (newratings.com) – Analysts at ING Financial Markets downgrade Royal Dutch Shell (RDSA) from “buy” to “hold.” The 12-month target price has been reduced from 25.50 to 22.56.
In a research note published this morning, the analysts mention that the sharp decline in global oil prices is likely to restrict the companys free cash flows going forward. Royal Dutch Shells future profitability is also expected to be negatively impacted by the lower oil macro scenario, global recession and the companys huge investments in complex and unconventional projects, the analysts add.
Oil-shale projects are going ahead in Utah for now
Royal Dutch Shell PLC, Europe's largest oil company, said last month that it was pushing back a decision on expanding an oil-sands project in Canada. But Shell's Denver-based exploration and production company is moving its oil-shale development forward, said Tracy Boyd, communications and sustainability manager
OMV in talks with Shell, BP on Nabucco gas
Austria's OMV AG is in talks with BP and Royal Dutch Shell to buy Azeri and Iraqi natural gas for transport through the planned Nabucco pipeline, which the EU hopes will reduce its reliance on Russian imports.
What does a company making $250 billion a year do for an encore?
That confidence springs from cash, mountains of it, and know-how. The 100% state-owned Aramco manages all its own projects and invests in the latest technology. It's easily the most profitable company on the planet:

















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.

























































