THE WALL STREET JOURNAL
By Dan Molinski Of DOW JONES NEWSWIRES MARCH 18, 2010, 9:28 A.M. ET
CARACAS (Dow Jones)–Royal Dutch Shell PLC (RDSB) moved Thursday to clear up what it calls a “misunderstanding” regarding sharply critical remarks of Venezuela reportedly made by one of the oil company’s top officials.
Shell on Tuesday said international oil majors have mostly lost interest in investing in Venezuela, according to Reuters news agency, following leftist President Hugo Chavez’s nationalization of assets in recent years.
“They are desperately inviting people back in, but no one’s going there,” Shell Chief Financial Officer Simon Henry told reporters on the sidelines of a press conference in London, Reuters said.
But in a statement sent Thursday from Shell’s offices in Caracas, the company said that what the company meant to explain was the challenges for international oil companies with regards to access to global markets, and how decisions are made based on several factors.
Among those factors, it said, “is the availability of capital for mega projects.”
The statement didn’t deny the official made the comments that were reported.
“Shell maintains its confidence in Venezuela, its people, its natural resources,” the statement went on to say, adding that it has been in the South American nation for 98 years.
Venezuela last month awarded two promising oil blocks in the petroleum-rich Orinoco region to consortiums that include U.S.-based Chevron (CVX) and Spain’s Repsol YPF (REP). A third block up for bidding went unassigned, and analysts called the auction a moderate success for Venezuela.
-By Dan Molinski, Dow Jones Newswires; 58-414-120-5738; [email protected]
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: 
MORE DETAILS:
A head-cut image of Alfred Donovan (now deceased) appears courtesy of The Wall Street Journal.
