Daily Telegraph
The Opec oil cartel may be forced to cut production by as much as 3m barrels a day as global oil demand is set to contract for the first time since 1983 this year, the International Energy Agency (IEA) said.
The IEA, which advises 28 industrialised countries, said global consumption in 2008 will shrink by 200,000 barrels a day, or 0.2pc.
Demand has collapsed fastest in the developed countries of the Organisation for Economic Co-operation and Development (OECD), where the IEA estimates consumption has fallen by 3.3pc.
The IEA cut its estimate for 2008 by 350,000 barrels per day (bpd), or 0.4pc, to 85.8m bpd. The agency is still forecasting demand will recover in 2009, rising 0.5pc to 86.3m bpd, led by demand from developing countries, in particular China.
But the agency warned its forecast may have to change if the recession gets deeper: “Clearly, if we are now heading for a prolonged and global outright recession, then the 0.5pc global oil demand growth we now envisage for next year may not materialise,” the IEA said in its monthly report.
The IEA’s report shows reduced production will be required by Opec nations next year, at 30.7m bpd, versus 31.5m bpd in 2008
Opec is expected to cut output by at least 1m bpd when it meets in Algeria next week as the cartel attempts to increase prices which have fallen to about $44 a barrel a drop of more than $100 from a record high of $147 in July.
Analysts have suggested Opec may eventually cut production by up to 3m bpd. The IEA said the cartel has so far only reduced production by half of its promised 2m bpd cut.
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.
