FIFTH PERSUASIVE APPEAL FOR MR JAMES MAUGHAN

FIFTH PERSUASIVE APPEAL

Saturday,  March 15,  2014

Mr. James Maughan

Assistant Deputy Director

Division of Financial Assistance

Phone: 916-341-5694

Email: jmaughan@waterboards.ca.gov

Mail address:  1001 I Street, 16th Floor

Sacramento, CA 95814

Dear Mr. James Maughan,

I am sending this letter to you today March 15, 2014 as a matter of 

FIFTH PERSUASIVE APPEAL. I have not received any response 

from you, since January 30, 2014 despite four (4) PERSUASIVE APPEALS

for you to respond. Also,  I respectfully asked you to please seek a permission 

from Mr. Tom Howard for him to allow you to send me an e-mail address

to where I could write him to but likewise, I have not receive any

response you.  

Again, my plea remain;  please send me back the "original" ERES educational

records credentials with the signatures of the three of you (Maughan,

Wilkinson and Hernandez) as soon as you can or send me an e-mail address

for me to communicate with Mr  Tom Howard.

I made the PERSUASIVE APPEAL FOURTH TIME DATED March 2, 2014

as part of this letter and I have it printed below.

Thank you very much.

Yours faithfully

 Antonio L. Buensuceso 

Sunday, March 2, 2014

FOURTH PERSUASIVE APPEAL FOR MR. JAMES MAUGHAN

Sunday,  March 2,  2014

Mr. James Maughan

Assistant Deputy Director

Division of Financial Assistance

Phone: 916-341-5694

Email: jmaughan@waterboards.ca.gov

Mail address:  1001 I Street, 16th Floor

Sacramento, CA 95814

Dear Mr. James Maughan,

I am sending this letter to you today March 2, 2014 as a matter of 

FOURTH PERSUASIVE APPEAL. I have not received any response 

from you, since January 30, 2014 despite three PERSUASIVE APPEALS

for you to respond. Also,  I respectfully asked you to please seek a permission 

from Mr. Tom Howard for him to allow you to send me an e-mail address

to where I could write him to but likewise, I have not receive any

response you.

Again, my plea remain;  please send me back the "original" ERES educational

records credentials with the signatures of the three of you (Maughan,

Wilkinson and Hernandez) as soon as you can.

I made the PERSUASIVE APPEAL THIRD TIME DATED February 23, 2014

as part of this letter and I have it printed below.

Thank you very much.

Yours faithfully

 Antonio L. Buensuceso Jr.


PERSUASIVE APPEAL THIRD TIME 

The TRUTH will set you FREE.

JOHN DONOVAN MARCH 15, 2014 ARTICLES

What should frighten stiff Royal Dutch Shell shareholders

Mar 15th, 2014 

by John Donovan. 

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By John Donovan

Any Shell shareholders diligent enough to wade through all the small print in the recently released Shell Strategic Report have grounds to shudder at the confirmation buried on page 8 that Royal Dutch Shell PLC mainly self insures its risk exposures. This information should be prominently displayed in large red text, flashing if that was possible.

The relevant section even cites the BP Deepwater disaster for whichBP had no external insurance. As a consequence, one of the worlds biggest companies was brought to the edge of bankruptcy by just one calamitous event.

Why didn’t BP have contingency insurance? Why does Shell have to self-insure?

Simply because the risks are so humungous that it is impossible or too expensive to do otherwise.

Once upon a time, my company used to create and supply promotional games to Shell.We were able to insure against prize over-redemption – the risk that due to printers error or negligence on our part, more prizes were printed and claimed than was catered for in the prize fund. A Noughts and Crosses games themed game run by Esso/Exxon had to be cancelled on the second day when the company was swamped by claims for the £100,000 top prizes, when only a small number should have been printed. Contingency Insurance costs on our games were minimized by our no claims record. It was even possible to obtainCelebrity Death, Disablement and Disgrace contingency insurance when we built a promotional game around a popular UK TV celebrity, Bruce Forsyth. Celebrities have been known to insure body parts for up to $1 billion.

Bruce is still alive and kicking almost 30 years later.

So its possible to obtain contingency insurance against every conceivable quantifiable risk.

The fact that the risks involved in Shell’s activities are so great andunquantifiable that Shell has to self-insure, speaks volumes.

That’s a risk too far even for Lloyd’s of London underwriters.

What should give shareholders even greater cause for concern is that it means there is no independent insurance expert scrutinising what Shell is doing.

Shareholder funds are being placed at risk when insurers will not provide cover at any affordable price.

Is it safe to trust Shell senior management to self-insure?

Ask the US authorities about Shell’s recent Alaskan debacle, when almost everything that could go wrong did go wrong.

Shell is currently placing a multi-billion dollar bet on the Prelude FLNG project. We have published information and evidence from a Prelude insider and anexpert analysis from Bill Campbell, the retired HSE Group Auditor of Shell International that would cause great concern to the project insures, if Shell had any.

It doesn’t, because the risks are too great to obtain cover.

SHELL SHAREHOLDERS BE WARNED.

Extract from Page 08 of SHELL STRATEGIC REPORT 2013

Shell mainly self-insures its risk exposures.

Shell insurance subsidiaries provide insurance coverage to Shell entities, generally up to $1.15 billion per event and usually limited to Shell’s percentage interest in the relevant entity. The type and extent of the coverage provided is equal to that which is otherwise commercially available in the third-party  insurance market. While from time to time the insurance subsidiaries may seek reinsurance for some of their risk exposures, such reinsurance would not provide any material coverage in the event of an incident like BP Deepwater Horizon. Similarly, in the event of a material environmental incident, there would be no material proceeds available from third-party insurance companies to meet Shell’s obligations.

Posted in: Alaska, Arctic, Bill Campbell, Corporate Governance, Gas, GoogleNews, John Donovan, Prelude FLNG Project, Royal Dutch Shell Plc, Shell Employee Safety, United States.
Tagged: Gas · John Donovan · Oil · Royal Dutch Shell Plc · Self Insurance

Shell will cut U.S. jobs

Mar 15th, 2014

by John Donovan. 

No comments yet

Extract from an article by Josh Cain published 14 March 2014 by Houston Business Journal under the headline: Shell will cut oil field spending, U.S. jobs after disappointing shale plays

Royal Dutch Shell Plc (RYSE: RDSA), the oil and gas giant with a massive presence in Houston, said on March 13 that it would cut jobs and oilfield spending in the U.S. in light of disappointing returns from several shale plays.

FULL ARTICLE

Posted in: Gas, Oil, Royal Dutch Shell Plc, Shale Gas, Shale Oil, Shell Job Cuts, United States.
Tagged: Oil · Royal Dutch Shell Plc

The TRUTH will set you FREE.