Oil Price Fixing

Oil Price Fixing

May 21st, 2015

by John Donovan. 

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FROM A REGULAR CONTRIBUTOR

Campaigns by or on behalf of Shell

It’s interesting that we have campaigns (one fronted by BP, but backed by Shell, and the other fronted by Shell’s lawyers, de Brauw) which will have the effect of avoiding regulation of oil trading activities, and will also decriminalise fraud for companies in Holland.

Both have been highlighted on your site in recent weeks.

Given the issues surrounding the banks’ manipulation of Libor and Forex, and the complaints by Total to the EU that Platt’s oil prices are not representative of the market, both of these proposals should be given very close scrutiny – the oil companies concerned cannot be trusted (any more than the banks) to exercise control of the market for their primary product.

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Posted in: BP, GoogleNews, Oil, Oil Price Fixing, Oil Prices, Royal Dutch Shell Plc, Shell,Total.
Tagged: BP · Oil Prices · Royal Dutch Shell Plc · Shell · Total

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Energy divestment campaigns a ‘red herring’, says Shell CEO

Energy divestment campaigns a ‘red herring’, says Shell CEO

May 21st, 2015 

by John Donovan. 

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Markets | Thu May 21, 2015 London

Royal Dutch Shell Chief Executive Ben van Beurden on Thursday slammed as a “red herring” calls for investors to divest from energy companies as part of the fight against climate change.

Van Beurden singled out the “Keep it in the Ground” campaign led by British newspaper The Guardian that aims at keeping charitable funds from investing in fossil fuels.

“The divest campaign, or Keep it in the Ground or the carbon bubble, ignore reality that 80 percent of the investment in the industry has to be done just to stand still to arrest decline. It is a red herring,” van Beurden told shareholders.

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Posted in: Ben van Beurden, Business Principles, Climate Change, Environment, Oil,Pollution, Royal Dutch Shell Plc, Shell.

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Royal Dutch Shell, BP plc Oppose New European Oil Trading Regulations

Royal Dutch Shell, BP plc Oppose New European Oil Trading Regulations

May 21st, 2015 

by John Donovan. 

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By: MICHEAL KAUFMAN: Published: May 21, 2015 

Royal Dutch Shell plc (ADR) (NYSE:RDS.A) has sided with oil rival BP plc (ADR) (NYSE:BP) in calling on European regulators to step back from enforcing tougher new capital requirements and increased disclosure measures pertaining to oil trading. The Markets in Financial Instruments Directive or Mifid II regulations are being introduced by the European authorities, which will be applied in 2017. The regulations include capital requirement directive (CRD IV) the purpose of which is to mitigate systemic risks in the commodity, fixed income and equity markets.

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Posted in: BP, Oil, Oil Price Fixing, Oil Prices, Reuters, Royal Dutch Shell Plc.
Tagged: BP · Oil Prices · Royal Dutch Shell Plc · Shell

The TRUTH will set you FREE.

AramcoShell.com: one of the most valuable domain names in the world?

AramcoShell.com: one of the most valuable domain names in the world?

May 21st, 2015 

by John Donovan. 

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Aramco Shell .com

By John Donovan

I own and operate many Shell related domain names including, for example,RoyalDutchShellPlc.com andRoyalDutchShellGroup.com, both of which Shell International unsuccessfully attempted to seize 10 years ago in proceedings via The World Intellectual Property Organisation.

Depending on reaction to this article, I may put one of my domain names –aramcoshell.com up for sale, probably by auction.

It is potentially one of the most valuable domain names in the world.

Here is my logic for such an assertion: 

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Posted in: GoogleNews, John Donovan, Litigation, Motiva, Oil, Outspoken Articles,Royal Dutch Shell Plc, RoyalDutchShellPlc.com, Saudi Aramco, Shell-Motiva.
Tagged: John Donovan · Litigation · Motiva Enterprises · Oil · Royal Dutch Shell Plc ·Shell

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Shell joins BP in calls against excessive oil trading regulation

Shell joins BP in calls against excessive oil trading regulation

May 21st, 2015 

by John Donovan. 

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May 20 2015 | By: Carl Surran, SA News Editor

Shell joins BP in calls against excessive oil trading regulation

• Royal Dutch Shell (RDS.A, RDS.B) joins BP in calling on European regulators to refrain from imposing stricter capital requirements and greater disclosure measures on oil trading.
• Regulators would achieve undesired effects if companies and trading houses were forced to follow stricter capital requirement rules or be limited in their ability to trade derivatives, Shell VP for trading Mike Muller says, seconding recent statements from BP trading division chief Paul Reed.
• Both BP and Shell trading divisions employ hundreds of people and trade millions of barrels of oil and refined products every day, and Shell’s trading business will become even bigger when it finalizes its acquisition of BG Group.

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Posted in: BP, Business Principles, Oil, Oil Price Fixing, Oil Prices, Royal Dutch Shell Plc, Shell.
Tagged: BP · Oil · Oil Prices · Royal Dutch Shell Plc · Seeking Alpha · Shell

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China navy warns U.S. spy plane in disputed South China Sea: CNN

(Reuters) - The Chinese navy warned a U.S. surveillance plane flying over artificial islands that Beijing is creating in the disputed South China Sea to leave the area eight times, according to CNN, which was on board the flight on Wednesday.

The P8-A Poseidon, the U.S. military's most advanced surveillance aircraft, flew at 15,000 feet (4,500 meters) at its lowest point, CNN said.At one stage, after the American pilots responded by saying the plane was flying through international airspace, a Chinese radio operator said with exasperation: "This is the Chinese navy ... You go!"

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Report: Fossil Fuel Companies get $10 Million a Minute from World Governments

Report: Fossil Fuel Companies get $10 Million a Minute from World Governments

— May 18, 2015

A report published today by the International Monetary Fund (IMF) found that, in total, world governments handed out subsidies to the fossil fuel industry to the tune of $5.3 trillion a year, or roughly $10 million a minute, Common Dreams reported.

Leading up to the United Nations Climate Change Conference in Paris later this year, energy subsidy reform has been an important topic on the international agenda. This study examined just how large these subsidies and their impacts actually are.

The authors found that the effects of energy subsidy reform would be “potentially enormous.”

“Eliminating post-tax subsidies in 2015 could raise government revenue by $2.9 trillion, cut global [carbon dioxide] emissions by more than 20 percent, and cut premature air pollution deaths by more than half … [and] would raise global economic welfare by $1.8 trillion.”  READ MORE

The TRUTH will set you FREE.