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Posts on ‘December 27th, 2008’

Russia look to control world’s gas prices

The Russian national anthem blared over the loudspeakers as dozens of oilmen and officials braved the freezing cold to watch the tanker come in, celebrating the launch of year-round oil production from Sakhalin-2, the largest oil and gas project in the world.

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Ensuring our energy futures – don’t leave it to the oil companies!

The eyes of the world are not focused too closely on Shell and the other western oil multinationals at the moment – but they should be. Whilst the dysfunctionality, incompetence, voracity and self-interest of the financial sector, and the utter failure of finance associated regularity systems, is top of the mind the oil sector is escaping much attention – except amongst the pressure groups and NGOs who specialise in this area. But in reality, and if we take a long term view, the actions of multinational oil companies ought to be just as closely monitored and controlled as those of the banks and finance houses whose dysfunctional management is the major cause of our current global malaise.For any economy to function successfully there need to be solid checks and balances on the free market sector. It was the almost total absence of such controls on the likes of Lehman Brothers and Madoff that allowed them to lie, cheat and defraud at will. Part of the reason was the global nature of these businesses. Lehman Brothers, for example, had offices in more than 30 countries and it was able to finesse its financing both to minimise tax liabilities and to frustrate regulators – whether the whole story will ever emerge remains to be seen. In the oil sector there is a directly comparable focus on optimising the income streams, minimising tax and creating smokescreens around some behaviours and activities. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Global energy investment hit by financial crisis

The growing financial crisis and plunging energy prices have forced companies to scale back spending and delay projects, with expensive ventures in the oilsands hardest hit.

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.
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