WASHINGTON (Reuters) – Shell Oil Co (RDSa.L: Quote, Profile, Research, Stock Buzz) President Marvin Odum said Monday he is concerned that falling oil prices are hurting investment in the sector and may push energy down as a priority for lawmakers.
“My number one concern is that energy moves off the top of the agenda,” Odum told reporters after speaking at energy event.
Despite the drop in fuel costs, Odum said it is extremely important that lawmakers remain focused on energy, especially as some companies begin to cut back on investment. He said when the economy comes back, demand “will come back with a vengeance.”
He urged lawmakers to set up a cap-and-trade system to add certainty to the market as companies choose their investments.
Oil prices have plunged dramatically from record prices above $147 a barrel in July to settling at $49.28 on Monday, the lowest level in more than three years. Odum said although oil prices are always volatile, the swings in prices this year were higher than expected.
Odum added that his company continues to focus on long-term strategies and not on the periodic ups and downs in oil prices.
(Reporting by Ayesha Rascoe; Editing by Christian Wiessner)
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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.
