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Posts on ‘November 26th, 2014’

OPEC IN DISARRAY AS OIL PRICE TUMBLES

Screen Shot 2014-02-18 at 18.34.00Major Opec nations, Russia and US shale oil drillers now appear on the brink of a price war as these three giant producing blocs fight for a greater share of global demand. (Potentially disastrous news for Big Oil – ExxonMobil, Shell, BP, Chevron and Total)

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The Telegraph: World on brink of oil price war as Opec set to keep pumping

Extracts

Oil slumped on Wednesday as expectations that Opec will cut production faded following dovish remarks by cartel kingpin Saudi Arabia, which could signal the beginning of a price war. Crude traded in the US fell to as low as $74 per barrel as traders bet that Opec will allow the price to fall further amid growing signs of a global price war amid producers.

Major Opec nations, Russia and US shale oil drillers now appear on the brink of a price war as these three giant producing blocs fight for a greater share of global demand. 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 Lied to Dutch Court About Oil Spills in Nigeria

Screen Shot 2014-11-26 at 18.50.09The significance of the Newsweek article is therefore threefold: firstly Shell appears to have misled the court in the Hague which from a reputational perspective is extremely damaging (hence the headline of the article), secondly the case will now return to court for a retrial, and thirdly the lawyers and witnesses in the original case may be subject to legal action by the Dutch authorities.

COMMENT ON NEWSWEEK ARTICLE: Shell Lied to Dutch Court About Oil Spills in Nigeria, Say Friends of the Earth

POSTED BY JOHN DONOVAN

I’m not a lawyer, but the following is my understanding of the significance of the Newsweek article and the case brought by the “Friends of the Earth”.

The two Nigerian cases are actually very significant to anyone forced to confront Shell in a Dutch court.

Unlike the UK or US, there is no “discovery” in Holland and no opportunity to request documents from the other side to support a case.

The system works when everyone is honest, but fails dismally when US or UK lawyers see their role as “misleading the court” to the advantage of their client. For many lawyers, this is of course the basis of hearings in the US and the UK. 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.

OIL, OIL, TOIL AND TROUBLE

Screen Shot 2014-11-25 at 23.08.21ARTICLE BY STEVEN HAYWARD, PUBLISHED BY POWERLINE 25 NOVEMBER 2014

The fall OPEC meeting is under way right now in Vienna, and all eyes are on the Saudis, to see whether they will lead a strategy to stop the fall in oil prices, which is putting the crimp on Iran, Russia, and Venezuela, among other worthies. We’ve commented previously about what the Saudis may be up to (here and here), and today Business Insider reports that the Saudis show no interest in curtailing production to shore up the price, and in fact may be willing to go for two years or more with falling prices, with some Saudi insiders saying the real objective is to retard the shale oil revolution in the United States and elsewhere… 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.
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