Oil prices have dropped more than $100 a barrel since their peak last summer, but Mr. Tillerson seemed unmoved. We told our people to ignore all this noise about $100 oil, he said. We were not planning for a world of $100 oil, or $200 oil. Were not having to huddle up or get on special meetings every other day. We really are making no adjustments to our business strategy. Around the house it feels pretty much business as usual.
Posts on ‘March 6th, 2009’
African regional chairman of Shell, Ms Ann Pickard, declared that militancy in the Niger Delta has caused the country to lose over $6.5 billion in terms of missed opportunity to take the deferred oil to market at a time of peak prices