COMMENTS BY “OUTSIDER”
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The Bloomberg article of September 25th seems to echo a very familiar concept from the Watts/Enron era – promises, promises and more promises. But where is the additional production promised by Brinded repeatedly over the past few years?
A remarkably prescient presentation entitled “overpromise underdelivery” was published on this site a few years ago. We seem to be repeating the process. Shell is shedding staff precisely because it does not have enough projects to justify current staffing levels. In the medium term a lack of development projects can only lead to a decline in production.
One promise (in 2004 or 2005) involved something like a 30% increase in production accompanied by a 30% decrease in costs (unfortunately the words increase and decrease were apparently transposed).
Yesterdays highly publicized promise of a 30% increase in production by 2012 to overtake BP should perhaps be taken in the same vein.
In the Shell CFO Simon Henry presentation on 24 Sept 2009, delivered at the Deutsche Bank Oil & Gas Conference, the figures look slightly different from those advertised (see slide 21 of 25.
Unless I am very much mistaken, I see a decline in production for 2009-2010, and a slight increase back to ~2008 levels in 2011-2012, based largely on key projects. I see no evidence of any 30% increase for 2011-2012 (which would involve doubling the height of the bar in the bar chart).
This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.
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.
