BLOOMBERG
By Fred Pals
Jan. 28 (Bloomberg) — Royal Dutch Shell Plc, Europes second-largest oil company, plans to continue record spending this year in its search for oil and gas.
We need to keep investing throughout the cycle, Chief Executive Officer Peter Voser said at the World Economic Forums annual meeting in Davos, Switzerland, today.
Investments are needed within the oil industry to increase energy supply amid increasing demand. Shell has previously said it plans to spend as much as $28 billion this year.
Voser, who took over from Jeroen van der Veer in July, inherited the industrys biggest spending program in 2009, amounting to $32 billion, in the middle of a global economic crisis that forced oil companies to delay some projects and cancel others.
Shell is developing projects in Qatar and Malaysia to revive production growth. Record investment in 2009 let Voser expand an oil-sands venture in Canada and deep-water projects in the Gulf of Mexico and Brazil. Shell aims to increase production from existing reserves through 2020 by starting new projects that can pump more than 1 million barrels a day.
To contact the reporter on this story: Fred Pals in Amsterdam at [email protected]
Last Updated: January 28, 2010 04:39 EST
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.
