FROM OUR ARCHIVES…
Shell Shock – The Secrets and Spin of an Oil Giant: “The financial wires and reporting services went into meltdown. In banks, boardrooms, newsrooms, bourses, investment offices and oil ministries across the world, there was incredulity and disbelief. Careful, ultra-conservative, Calvinist Royal Dutch/Shell caught by its own admission massaging the numbers? And by almost four billion barrels?
Posted Saturday 18 June 2005
A new book by Ian Cummins and John Beasant,
Published by Mainstream Publishing £16.99
Click on this link to purchase the book
Summary of the book:
Royal Dutch/Shell is a multinational behemoth. Every four seconds of every day, 1,200 cars fill their tanks with petrol on Shell forecourts, while at airports around the world civil airliners are refuelled with Shell aviation spirit every ten seconds.
The company has long been regarded as a world leader and a model for other corporations. That is, until January 2004. In a truly dramatic statement, the company told an incredulous world that estimates of Shell’s reserves had been inflated by a staggering 3.9 billion barrels. It was the first of a series of admissions that brought into question Shell’s reputation for rectitude and sent its share price tumbling. read more
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