Market report
That America loves cars is one of the cultural and economic truths that underpins the behemoth that is the United States, but it is a love affair that appears to be going through a rocky patch. Carmakers cant sell their vehicles, Washington is refusing to indulge them with unlimited, no-questions-asked extra funding and now a lake of unsold oil stored in refineries and ports across the country has swollen to its highest level in 16 years, according to figures unveiled by the US Energy Department. Even the weekly level of petrol in storage surged by 2.8 million barrels, defying expectations of a fall.
The news sent the oil price, which had been rising after Opecs production cuts, back below $50 a barrel. It also weighed on the oil majors. BP ended yesterday down 10½p at 461p and Shell lost 29p to close at £15.02. BP took a double blow as Goldman Sachs downgraded from neutral to sell, saying that this year would be its last of production growth. Goldman said that as its fields run dry, the amount of the black stuff that BP pumps would fall after 2010 by roughly 2 per cent a year.
However, Goldman, which wrongly predicted that the oil price would reach $150 a barrel by the end of last year, raised its forecast for the price for the first half of this year and kept a buy at a reduced price on Shell. The shares were also hit by an investor placing a 10.5 million holding of Amsterdam-listed stock.
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.
