Nov 22, 2010 After Royal Dutch Shell plc agreed to pay more than $48 in relation to Foreign Bribery allegations an investigation on behalf of current long term investors in Royal Dutch Shell plc (ADR) (NYSE:RDS.A) concerning whether certain officer and directors can be held liable was announced.
November 22nd, 2010:
Investor Investigation of Royal Dutch Shell $48M Settlement of Foreign Bribery charges
Industry and Government Were Unprepared for BP Spill, Study says
November 22, 2010, 1:00 pm
Government and the oil industry were both thoroughly unprepared for a deepwater blowout and oil spill like the one that occurred this year in the gulf, leading to significant delays in capping the well and major environmental damage, the staff of the presidential spill commission concluded in two reports published on Monday.
While oil companies and government agencies learned valuable lessons and developed useful technology from the Deepwater Horizon disaster, the country is still not fully ready to cope with a similar accident, the staff members found in papers submitted to the seven-member presidential panel. (The reports, on preparedness for the spill response and on the containment effort, can be read here and here.)
There Will Be Fuel
NO SHORTAGE A Chesapeake Energy natural gas well near Burlington, Pa. Experts say the nation has gas reserves for 100-plus years.
A version of this article appeared in print on November 17, 2010, on page F1 of the New York edition.
THREE summers ago, the worlds supertankers were racing across the oceans as fast as they could to deliver oil to markets growing increasingly thirsty for energy. Americans were grumbling about paying as much as $4 a gallon for gasoline, as the price of crude oil leapt to $147 a barrel. Natural gas prices were vaulting too, sending home electricity bills soaring.