By LAURA CHESTERS FOR THE DAILY MAIL: 5 JAN 2016
The finance boss of Shell has warned the price of oil could fall to $20 a barrel within weeks but has defended its £36billion takeover of BG Group as a long-term deal.
Simon Henry said Goldman Sachs’ prediction that Brent crude oil could fall to $20 a barrel ‘may actually happen in the next few weeks’ but argued the mega-deal is sound on a long-term basis over a 15-year period.
Oil fluctuated around $37 a barrel yesterday after traders acknowledged the panic in the Chinese stock markets and the growing dispute between Saudi Arabia and Iran, the biggest rivals in the Opec oil cartel.
Shell is meeting with shareholders to outline the merits of the deal ahead of the shareholder meeting at the end of the month.
The BG deal’s break-even price is just over $60 a barrel and Henry added: ‘Not even Goldman Sachs is projecting anything below $60 for the 15 years that we are talking about.’
Henry said many shareholders have been supportive and although some, such as Capital, had sold out it did not mean they were against the deal.
He also defended its ability to merge the oil giant with the gas group and said: ‘There was talk that we are slow and bureaucratic but we do learn and we have something of a track record to deliver on the deals we do.’
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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.
