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Posts on ‘April 19th, 2009’

Heaven and Hell: Testing a Chinese proverb

The company looks very highly geared to the oil price. About a third of its oil and gas resources are buried in tar sands in western Canada. Extraction is not only an unpleasant business — it turns virgin land into a sea of sludge — but very expensive. Shell reportedly needs an oil price of at least $38 a barrel to break even here, so every little uptick in the oil price is crucially important. and its sister websites,,,,, and are all owned by John Donovan. There is also a Wikipedia article.
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