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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.

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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