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Dear Mr Brandjes
I attach a PDF file containing 17 pages of documents and correspondence involving The Shell Petroleum Development Company of Nigeria Limited, a Deputy Inspector General of the Nigerian Police and other parties involved in the tender/acquisition of arms and ammunition to enhance the security of Shell installations in Nigeria. These documents, if authentic, appear to directly contradict detailed rebuttal comments attributed to SPDC published on 10 June 2008 by allAfrica.com.
In January, the Sierra Club and Environment Texas filed a lawsuit against Shell Oil Company claiming the company exceeded its permitted limits on several air pollutants, including benzene, a toxin that causes cancer. The environmental groups allege that Shell self-reported excess emissions to TCEQ that amount to 1,000 separate violations stemming from unauthorized bursts of air pollution caused by maintenance and refinery malfunctions.
Thousands of Ogoni of Rivers State took to the streets of Port Harcourt, Monday, jubilating over the sacking of Shell Petroleum Development Company by the Federal Government from their land, and the resolve to replace the oil giant with another oil prospecting company.
Alexei Miller spoke at an OAO Gazprom presentation in which he also predicted the gas giant would be the world’s biggest company by market value within seven to 10 years, with a capitalization of $1 trillion. Its current market cap is around $360 billion; Exxon Mobil Corp. is the current market-cap leader at about $463 billion.
Len McCluskey, assistant general secretary of Unite, said: “Only Shell sets the terms of this contract and only it can solve this dispute. This is one of the most profitable companies on earth and it now needs to provide the financial flexibility to avert this dispute.”
About 700 former Southern Petroleum investors are seeking tens of millions of dollars from oil giant Shell – which inherited the assets and obligations of Fletcher Challenge Energy after a 2001 takeover – amid claims their shares were undervalued.
The US energy markets watchdog on Tuesday held talks with its UK counterpart about the possibility of introducing limits on traders positions in Londons oil markets, underlining in a sign of persistent US congressional concern that London is being exploited by speculators contributing to record oil prices.
The state’s outer continental shelf was long thought too remote and costly to drill. BP and Shell are among those investing heavily in Alaskan exploration.
The drop in demand for petrol among British drivers is greater than that being experienced in other countries.
: With the EU raids and discovery for the US legal action, there could be a lot of dirty linen finding its way into the public domain over the next few months
: The market for refined petroleum products, including gasoline and diesel fuel, is now an international market. The US exports a great deal of diesel and gasoline to Europe. As a result I fully expect this investigation over market manipulation to expand to the US because the exportation of excessive amounts of refined product, or the apparent exportation of excessive amounts of refined product, can cause price hikes here in the States.
: Hmmmm. BP,and Shell are partners in Crime. I now imagine why BP filled Amicus Brief in support of Shell in Kiobel v Shell at Supreme court in America
: USCitizen: So glad you are back. Things were getting to be a bit boring and one-sided with only LondonLad to hold down the fort for RDS.
: Relieved: Neither Watts, nor vd Veer nor Voser had the good fortune to spend a few years in Cambridge with Lord Madingley of Boots and Coots fame. I think Moody Stuart might have done...
: I have not absconded John, just do not have time to waste or breath to waste on folks with a clear biased agenda. Folks who take any data and use it to build their already determined conlcusion. Later - much too busy trying to get my retirement paid for by contractors taking me to lunch twice a year, man these perks are awesome!! Again - get a life.
: Maybe we ought to start calling RDS and BP management the 'Cambridge Boys Club' or perhaps the 'Cambridge Mafia'. No ?? Just a thought. Anybody else have any ideas, aside from the usual obscenities.
: It seems reasonable to speculate that if the CEO's of these companies reached a deal on oil prices, then the executive committees of both companies were also involved. Members of their boards of directors may also have been involved. Given that RDS had executives from the US on the exec. committee and on the board I would guess those individuals (retired or not) are also subjects of a wider criminal investigation. Involvement of the US DOJ therefore seems to be inevitable. And who knows, maybe we shall get to the bottom of these 'damnable and viscous lies and rumors' about price fixing. Afterall, RDS management is governed by well established corporate 'business principles' and would never stoop to such conduct. Dream on, my children, dream on. Don't you just love the arrogance of power.
: LondonLad: While it is true that oil is traded as a commodity on various markets it is also true that the oil companies have been heavy speculators in those markets. That fact has been know for a long time.
: The biggest oil price fixers in the UK in order of “fixing” are: 1. UK Government (at a healthy 60%) - FACT 2. New York and London Stock Market traders (non-oil company traders) – FACT 3. Companies that buy up cargo loads of oil and store it offshore for the price to rise then sell at vast profits – FACT 4. Shell, BP, Statoil et. al. – ALLEDGEDLY Lets face it, as with the LIBOR scandal, it takes more than one or two companies to fix the price of a product.
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