Here is the recipe for the greatest disaster ever. What cheap and abundant oil created, Peak Oil will destroy; our failure to invest in alternatives 10 or 20 years ago is about to fall on us.
December 16th, 2008:
Is the Second Great Depression Imminent?
Shell’s pension underfunded as contributions rise: Tue Dec 16, 2008 10:20am GMT
Shell's pension fund has commissioned a report to establish if its long-term strategy needs changing and will submit a recovery plan to the Dutch Central Bank, which is also the country's pension regulator, next year.
Misreading the Kremlin Costs BP Control in Russia Venture
Foreign companies were relegated to minority stakes. Facing a wave of regulatory pressure, for example, Royal Dutch Shell PLC in late 2006 ceded control of a $22 billion gas project to Gazprom.
Energy-Reserve Revisions
In 2004, Royal Dutch Shell PLC disclosed that it had overstated its reserves by 20%, leading to the ouster of its chairman, a Securities and Exchange Commission investigation and closer scrutiny of reserve calculations across the industry.
Big Oil Projects Put in Jeopardy by Fall in Prices
Were in remission right now, said Marvin E. Odum, the vice president for exploration and production for Royal Dutch Shell in the Americas. But once the economy picks up, he said, the energy challenge will come back with a vengeance.
Eating Isnt Option When Minnesota Corn Burns in Houston Cars
Today, burning crops like corn, soybeans and sugar cane for fuel is policy in the U.S., Brazil and the European Union -- while almost 1 billion of the worlds 6.8 billion people are hungry, the most in a generation.
Showa Shell to raise oil export capacity – source
TOKYO, Dec 16 (Reuters) - Showa Shell Sekiyu, Japan's fifth-biggest oil refiner, has been making efforts to boost its oil export capacity to make up for a shrinking domestic market, a company source said.
OPEC Plans Drastic Cut In Oil Production
Royal Dutch Shell has announced that it will delay some of its planned expansion of expensive oil sands projects in Canada. Rob J. Routs, executive director of oil products and chemicals and a member of the board at Royal Dutch Shell, said that reaching the target of 700,000 barrels a day would be "pushed out at least two to four years."
Clarification of Corrib gas route changes sought
...spokesman for community group Pobal Chill Chomáin, John Monaghan, questioned how such surveys had been undertaken since there was a District Court order preventing Shell from carrying out such invasive works in the commonage.
Stop the CSR Spin
Fortune, along with the CSR consulting firms AccountAbility, Csrnetwork and Asset4, came to the conclusion that BP and Royal Dutch Shell were among the top ten most "accountable" large companies on the planet. Of all the do-gooder companies of recent years, why exactly are these hydro-carbon greenwashing giants worthy of such admiration?
Drop in China’s oil demand pressures Opec to cut production
China's once ravenous hunger for energy is weakening at a record rate, compounding the pressure on Opec to slash global oil production this week by as much as two million barrels a day to prevent a glut.