POSTING ON SHELL BLOG BY “Outsider”
How much did Shell pay Bloomberg to misquote their production forecasts?
It is unbelievable that two of Bloombergs journalists have put out a story, reprinted around the world again and again, which is completely false. Shells own forecast in the Deutsche Bank presentation is that they will be producing 3.2 MMBOE/day in 2012, while BP expect to produce 4.1 MMBOE/day.
Shell overtaking BP? I dont think so. Some of the articles even attribute yesterdays increase in Shells share price to the claim that Shell will increase their production by 30% could it be that someone is deliberately trying to manipulate the share price?