The subsequent slump in oil prices

Oil Price Slump

Oct 16th, 2014 

by John Donovan. 

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By John Donovan

I have already highlighted the recent wishful prediction by Shell CEO Ben van Beurden that oil will return to “very robust” pricing in the long-term.

We have all witnessed the subsequent slump in oil prices.

Some extracts from a current Bloomberg article:

The global crash in crude prices is reverberating through the oil and gas industry, pressuring producers to curtail investment to protect profits and avoid cuts to dividend payments.

Exxon Mobil Corp., Royal Dutch Shell Plc and Total SA are already paring back as new investment fails to yield positive returns.

The largest oil companies are also pulling back from U.S. shale projects to avoid the investment necessary to keep production buoyant. Shell, for example, sold acreage in August in the Haynesville and Pinedale shale areas.

An illustration of the challenges oil companies have faced in recent years in bringing large discoveries to market is the $48 billion Kashagan venture. Partners in the Caspian Sea project include Exxon, Shell, Total and Eni SpA. Long-delayed and over-budget, it entered production only briefly last year before being shut down due to leaks. It’s now undergoing expensive repairs and may not start back up again before 2016.

Brent crude fell to the lowest level in almost four years on concern global supply is outpacing demand yesterday.

FULL ARTICLE: Oil Slump Means Canceled Projects as Investment Declines

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Posted in: Ben van Beurden, Exxon Mobil, John Donovan, Kashagan, Oil, Oil Prices,Royal Dutch Shell Plc, Shale Gas, Shale Oil, Shell, Shell Project Overruns, Total.
Tagged: Ben van Beurden · John Donovan · Oil Prices · Royal Dutch Shell Plc · Shell

The TRUTH will set you FREE.

Grow a Dragon Fruit Tree From Seed

Gardening: How to Grow a Dragon Fruit Tree From Seed, Germinate, Planting and 3 Month Growth   SHARED BY MOSSES

Adnaan leads the way in showing how you too can easily grow Dragon Fruit trees from seed, from germination and growth over a 3 month period.

Dragon fruits are very tasty, full of seeds, thousands of seeds, in fact you can eat 80% of the Dragon fruit and still have plenty of seeds left over for germination.

Now lets get down to business, spread the seeds out onto the paper towel so that you can work the fruit out from around the seeds.

Use more paper towels to remove as much fruit as possible

Soak the final paper towel (with seeds on it) before placing it into a plastic wallet.

Its 10 days later and were going to see how well the seeds germinated before planting them in an eggs carton.

This process has been very successful with most of the seeds having germinated.

The only drawback is that it is very difficult to remove the germinated seeds from the paper towel.

The solution is to plant the seeds WITH the paper towels, as the paper will eventually breakdown.

3 weeks later and there has been good, it's now time to repot again into a larger more durable container.

Most have been repotted.

Another 3 weeks later shows slow growth, its October and temperatures are dipping.

Another 4 weeks later (3 months from start) and again growth is slow because the dragon fruit trees need higher temperatures to grow faster, expect slow growth until summer next year, still one can clearly see a change from the photo above.

By Adnaan, Sami and Anika Walayat

http://www.walayatfamily.com

Copyright 2012 Walayat Family - All Rights Reserved​

The TRUTH will set you FREE.

JOHN DONOVAN OCTOBER 15, 2014 ARTICLES

Royal Dutch Shell News 15 Oct 2014

Oct 14th, 2014 

by John Donovan. 

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By John Donovan

WHISTLEBLOWER ALLEGES ROYAL DUTCH SHELL TAX EVASION IN NIGERIA 

A former manager of Shell Production Development Company in Nigeria has accused Shell of massive tax evasion. He also alleges that the Nigeria Economic and Financial Crimes Commission demanded a bribe from him as part of a related cover-up plan for Shell. The whistleblower also claims that his safety is in jeopardy. All strangely reminiscent of allegations surrounding the Corrib gas project in Ireland. MORE INFORMATION HERE.

SHELL FIRE SALE OF NIGERIAN ASSETS

A consortium led by Aiteo Group has won the auction for Shell oil block OML 29 in Nigeria, with a bid of N434b. The total cost of the acquisition is said to be $2.7 billion, allowing for working capital. MORE INFORMATION

FRACKING IN THE USA

According to an article by Geoffrey Lean in The Telegraph, Marvin Odum, the Chairman of Shell Oil, is concerned that anti-fracking campaigners may try to outlaw the technology. Opposition to fracking is said to be mounting in Texas and may spread, possibly having a negative impact on the shale gas boom. MORE INFORMATION

OIL PRICES

Ever since Ben van Beurden went out on a limb with his forecast that oil prices would stabilise, oil prices have actually fallen and are continuing to drop.

See “Oil price fall hits energy stocks”

And: “Crude settles down 4.6%, lowest since June 2012”

Oil Price Collapse Sinks BP plc And Royal Dutch Shell Plc

A BIG BOOST FOR ELECTRIC CARS – INFORMATION FROM A REGULAR CONTRIBUTOR

It seems that every few days a new ‘breakthrough’ announcement is made. Today it is about lithium ion batteries (see links). If true the electric car will get a big boost. By the way, the electric-hybrid cars are now selling at a rate of about 500,000 per year in the US. Toyota’s Prius dominates. There are about 10 million of them now on the road in the US. They are definitely here to stay, and this latest announcement, if true, will ensure that is the case.

Breakthrough batteries last 20 years, charge 70 percent in two minutes: From PCWorld

Li-Ion Battery Breakthrough Recharges Battery 70% In 120 Seconds: From Coolest Gadget Reviews

NTU researchers make breakthrough with fast-charge batteries: From Channel News Asia-Oct 12, 2014

Really? Breakthrough said to be the “next big thing” in battery …: From Smart Grid News

New batteries charge 70 percent in 2 minutes: From In-Depth-CNET

Breakthrough batteries recharge 70 hper cent in 2 minutes, last 20 …:  From In-Depth-CTV News

ARCHIVE ARTICLES ABOUT SHELL TAX EVASION ISSUES

Shell India to challenge tax evasion order: 4 Feb 2013

Shell and ABN Amro ‘masters in tax avoidance’

Starbucks a novice at tax dodging compared with Shell

Shell’s disastrous tax dodge: 23 March 2014 (In Alaska)

Royal Dutch Shell Plc Tax Dodgers: Offshore – and out of reach to the Revenue

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Posted in: Africa, Ben van Beurden, Bribery, Business Principles, Corrib Gas Project,Corruption, Daily Telegraph, Environment, Fracking, Gas, GoogleNews, Ireland, John Donovan, Nigeria, Oil, Oil Prices, Royal Dutch Shell Firesale, Royal Dutch Shell Plc,Shale Gas, Shell, Shell Tax Avoidance, United States.
Tagged: Ben van Beurden · Gas · John Donovan · Nigeria · Oil Prices · Royal Dutch Shell Plc

Worlds leading source of information about Royal Dutch Shell

Sep 4th, 2012 

by John Donovan. 

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Free access to over 37,000 articles, comment, historical information and news archive relating to corporate tax dodgersRoyal Dutch Shell, the worlds largest company by revenue. A TVdocumentary feature about our co-founder John Donovan, has aired in many countries. A related article was published in 10 languages. This non-profit website is tacitly endorsed by Shell. 

For nearly a decade, we have operated under the Royal Dutch Shell Plc top level domain name, dealing on Shell’s reluctant behalf with redirecting job applications, business proposals, Shell pension enquiries, shareholder and investment enquiries, complaints, invitations to speak at conferences, an approach from the Dutch Defence Ministry, contact on behalf of Fox Business News and CNBC, and even terrorist threats. All communications meant for Shell. A humiliation that Shellcontinues to endure. We provide a global platform, on a responsible basis, for Shell whistleblowers to put confidential information, including insider information and leaked documents, into the public domain e.g. Sakhalin2. 

Bootlicker: Shell’s Ben van Beurden bows to Putin on Good Friday, 18 April 2014, weeks after Russia had invaded and annexed Crimea

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Posted in: Shell, Shell Oil Reserves Scandal, Sir Philip Watts, Tony Blair.

The TRUTH will set you FREE.