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.
“Technologically, it’s becoming increasingly difficult to extract oil and gas. That’s pushing costs up. In addition, you have to include the costs for CO2. And moreover, demand will rise faster than supply. The consumer will in future have to accept a higher energy price.”
In late 2008, the International Energy Agency, which represents energy consuming countries, said the world would need four new Saudi Arabias if it were to cope with rising consumption and Voser took up the theme.
“To cover demand, by 2020 the world must develop oil sources that are equal to four times the capcity of Saudi Arabia. That’s production of 40 million barrels a day, half of what we have now. For this we need to invest gigantic sums,” he said.
But Voser also acknowledged the huge environmental challenge of escalating use of fossil fuels. In response, he reiterated comment Shell was expanding its production of gas as the cleanest burning fossil fuel as well as developing biofuels.
(Reporting by Catherine Bosley and Barbara Lewis)
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.
