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Posts on ‘April 24th, 2011’

Gas Wars: Rise of the Anti-Frackers

By Julienne du Toit

South African anti-fracking groups had an extra Easter egg in their baskets this week when the government announced a moratorium on Big Energy plans to prospect for gas in the Karoo, the country’s semi-desert heartland.

What? People Power takes on a tag team of fuel giants and local politicians and wins the 1st round of the southern African Gas Wars? Can it be?

Damn straight. Life retains its ability to surprise and delight.

I came across an article recently with the headline: “5 Reasons to Be Hopeful We Haven’t Totally Screwed Ourselves and the Planet … Yet”. 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 SURGES BUT BP FAILS TO CASH IN ON OIL PRICES

Sunday April 24,2011
By Tracey Boles

A DIP in production is expected to stop BP reaping the full benefit of the high oil price in its first-quarter results, out this week.

But arch-rival Royal Dutch Shell is forecast to enjoy a surge in first-quarter earnings on the back of the oil price which averaged $105 (£64) per barrel in the three-month period.

First-quarter profits at crisis-hit BP are expected to be broadly flat at $5.6 billion (£3.4 billion).

Analysts at Charles Stanley said: “Production volumes could be some 7 per cent lower and as a result, BP will have less leverage from higher oil prices which are some 32 per cent higher than a year ago.” 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.