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Posts on ‘May 12th, 2010’

What About the Arctic?

Newsweek

With exploratory drilling—the same kind BP was doing in the Gulf of Mexico—planned for this summer north of Alaska, environmentalists see a worrisome comparison.

By Daniel Stone | Newsweek Web Exclusive May 12, 2010

It wasn’t that long ago that proponents of oil drilling, and even President Obama, were arguing that the threat of spills had been substantially reduced thanks to new advances in drilling technology. It’s a claim that sounds humbling in light of the Gulf of Mexico oil spill. But rather than harp on the past, environmentalists are focusing their efforts on the future, specifically this summer, when another round of exploratory drilling is set to begin off the pristine coasts of Alaska. read more

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.

Shell’s Voser sees inevitable energy price rise

REUTERS

* Four new Saudi Arabias needed by 2020

* Shift towards biofuels, natural gas

ZURICH, May 12 (Reuters) – Higher energy prices are inevitable as it gets ever more difficult to extract oil and gas and the cost of carbon emissions is incorporated, Royal Dutch Shell (RDSa.L)’s CEO said in an interview with a Swiss paper.

He also cited rising demand as a spur to price and said by 2020 the world would have to develop oil sources equivalent to four times the capacity of leading exporter Saudi Arabia.

“We assume, (prices) will rise longer term,” Peter Voser told Wednesday’s edition of the Handelszeitung newspaper. read more

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.

Will the Gulf Accident Stymie Plans to Drill in Alaska?

An offshore oil rig in Cook Inlet, Alaska Paul Souders / Getty Images

By Bryan Walsh Wednesday, May. 12, 2010

Desperate times call for desperate measures — an apt characterization of energy giant BP’s ongoing, checkered response to the Deepwater Horizon oil spill. Last weekend, the company’s plan to lower a massive dome over the leaks 5,000 ft. below the surface of the Gulf of Mexico hit a serious snag, when hydrates — slushy ice crystals that occur when gas mixes with water — formed at the top of the dome, blocking any captured oil from being channeled to the surface. (See pictures of the oil spill.) read more

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.

Kuwait Talking With Shell, Total, Exxon to Develop Heavy Oil

BusinessWeek Logo

May 12, 2010, 12:40 AM EDT

By Ayesha Daya

May 11 (Bloomberg) — Kuwait is talking with Royal Dutch Shell Plc, Total SA and Exxon Mobil Corp. to develop heavy-crude deposits, Sami al-Rushaid, chairman of state-run Kuwait Oil Co., said today.

Kuwait is seeking to produce 270,000 barrels a day from the heavy oil deposits, he said. Kuwait Oil plans to spend as much as 7 billion dinars in the next five years on projects, al- Rushaid said.

To contact the reporter on this story: Ayesha Daya in Dubai at [email protected] read more

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.

Questor share tip: buy Shell for yield

Daily Telegraph

A 9pc fall in Royal Dutch Shell’s share prices is a buying opportunity, says Questor.

Garry White
Published: 6:00AM BST 12 May 2010

Royal Dutch Shell B

Royal Dutch Shell “B”
£18.15½ -0.5p
Questor says BUY

The best investment strategy to use at the moment is to sell the rallies and buy the dips. If you believe in this strategy, you should be buying Royal Dutch Shell.

Shell shares hit a 12-month high on April 30, but have slid by almost 9pc since then on worries over sovereign debt and global growth. The situation with BP has also been unhelpful.

However, the share price fall now means the yield is a very impressive 6.3pc. Questor reckons that now is a good time to top up your holdings or make a new purchase of the shares. read more

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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