Bidness Etc discusses the various crude prices experts feel will allow the US companies to break even and highlights the impact of lower oil price on US oil companies next year
Extracts from a Bidness Etc article Published: November 21, 2014 at 10:47 am EST
By: Micheal Kaufman
The hydraulic fracturing techniques used by the US oil companies have revolutionized the US oil industry, leading to high crude oil production from the shale boom. These techniques have allowed the US to produce around nine million barrels of crude oil per day. This in turn contributed to the global supply glut of crude oil. Saudi Arabia has also increased oil production to safeguard its market share from the US producers.
Although higher oil production was initially welcomed by the US oil companies, its repercussions including lower crude oil and natural gas prices caused the oil companies to suffer considerably. Since June, crude oil price has plummeted 32%. Currently, the West Texas Intermediate crude oil is priced at $76.6 per barrel and the Brent crude oil stands at $79.60. Oil price is expected to drop further after Libya resumes production.
Further consolidation in the energy sector can be expected as oil companies try to survive amid the lower oil price.
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.
