The oil giant was on the back-foot during trading today.
By Ben Martin 8:13PM BST 18 Oct 2012
BP may have been hogging much of the limelight in the oil and gas sector of late, but today Royal Dutch Shell was receiving some unwanted attention from traders.
Concerns over slowing growth at the oil giant saw the group’s B shares fall 30½p to £22.02 in London.
“Shell has almost fully delivered on its big three projects, bringing to a close the investment cycle started in 2006, and starting a new one,” Goldman Sachs said, cutting its recommendation on the group to “sell” from “neutral”.
“This new cycle will be more capital intensive and will likely lead to lower returns,” the broker added, arguing that “over the next two to three years, Shell has little additional cash flow growth to deliver”.
Indeed, the broker has turned more cautious on the sector as a whole, arguing that the rise of shale oil means that the “decade-long rise in oil prices” is likely to come to an end.
BP, which received an offer for its stake in TNK-BP, added 3.7 to 452.05p. Kurdistan oil and gas explorer Genel Energy, helmed by former BP chief executive Tony Hayward, gushed up 38 to 845p as chairman Rodney Chase demonstrated his commitment to the company by buying 160,000 shares. Like Bumi, Genel has its roots as a cash shell and has come in for scrutiny recently.
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.
