With the hype surrounding the US gas-boom, it’s something of a worrying and cautionary note to read in the Financial Times outgoing Shell CEO Peter Voser quoted as saying his “huge bet on US shale was a big regret of his time as chief executive of the companyâ€. This is something of a mea culpa for the fossil fuel heavyweight. Just over 12 months ago Voser was championing the “natural gas revolutionâ€
By Mike Sandiford on 9 October 2013
With the hype surrounding the US gas-boom, it’s something of a worrying and cautionary note to read in the Financial Times outgoing Shell CEO Peter Voser quoted as saying his “huge bet on US shale was a big regret of his time as chief executive of the companyâ€.
With a purported $24 billion invested in so-called unconventional oil and gas in North America, the FT reports Shell has recently taken a “$2.1 billion impairment against its assets†with Voser quoted as saying “Unconventionals did not exactly play out as plannedâ€.
This is something of a mea culpa for the fossil fuel heavyweight. Just over 12 months ago Voser was championing the “natural gas revolution†as the most significant energy development in decades, citing the dramatic impact of new reserves of tight gas, shale gas and coal seam gas in the United States.
It may well prove to be, but Voser’s comments suggest some cracks are appearing in the bridge to the new energy future promised by the gas boom.
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.
