The Independent, Uganda
THURSDAY, 22 JANUARY 2009 08:19
As share prices of major oil companies crash in line with the broader stock markets, Exxon Oil which survived the pressure seems set to acquire Shell. With crude prices crashing, many oil firms are in deep debt and stuck with expensive projects. Its for this reason that Exxon Mobil could most likely become the worlds biggest Oil Company, when it starts acquiring the heavily indebted companies including Shell.
Shell is down 35 % in the last 6 months while Chevron and BP are about 30% down. Shares in many other oil firms that rushed to expand over the last few years are down even more.
Exxon Mobil stands at just 10 % lose. Oil company analysts at investment bank Johnson Rice & Co say due to record oil prices over the last few years and a cautious investment strategy that drew fire from critics, Exxon has close to $40 billion in cash reserves. It has another $225 billion in repurchased stock tucked away. Over the last five years, oil companies worldwide rushed to develop new projects to take advantage of oils rising prices, often paying exorbitant sums for leases, drilling rigs and other assets needed to bring crude to market. Exxon never rushed into these acquisitions saying the price rises were temporary.
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.
