Dec. 19 (Bloomberg) — Royal Dutch Shell Plc said construction and engineering costs may fall in Canada, allowing Europes largest oil producer to revisit plans to expand oil- sand projects.
We expect that procurement costs will come down quite a lot, Chief Executive Officer Jeroen van der Veer said today in an interview at an energy conference in London. If the overheating goes out of the market, the break-even price that you can build an oil-sands project will come down again.
Shell last month delayed seeking regulatory approval for its Carmon Creek oil-sands development in Canada. That followed Octobers indefinite postponement of the second-phase expansion of The Hague-based companys Athabasca project because of rising construction costs.
Shell will go ahead with projects that could be profitable under various scenarios for oil prices, van der Veer said. More oil sands will come, but you dont know exactly when.
Shell planned to drill wells and inject steam into the tar- like sands at Carmon Creek to increase production from the deposit in northern Alberta.
Shell operates the 155,000 barrel-a-day Scotford upgrader in Alberta, which converts bitumen extracted from oil sands into refinery-ready crude. The upgrader forms part of the Athabasca project, together with the nearby Muskeg River Mine, which supplies the bitumen.
To contact the reporter on this story: Juan Pablo Spinetto in London at[email protected]; Mathew Carr in London at [email protected]
Last Updated: December 19, 2008 11:02 EST
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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.
