Royal Dutch Shell Plc  .com Rotating Header Image

US shale is a surprisingly unprofitable miracle

Screen Shot 2013-08-02 at 10.48.21FINANCIAL TIMES

Near outright admissions of error by chief executives, such as Mr Voser’s as quoted in the Financial Times, are far too rare, thanks to the bubbles of sycophancy in which most of them live.

Mr Voser commendably took responsibility in August for a $2.1bn writedown on the value of the company’s US shale assets…

SOURCE FT ARTICLE: By John Dizard: October 11, 2013 7:48 pm

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Comment Rules

  • Please show respect to the opinions of others no matter how seemingly far-fetched.
  • Abusive, foul language, and/or divisive comments may be deleted without notice.
  • Each blog member is allowed limited comments, as displayed above the comment box.
  • Comments must be limited to the number of words displayed above the comment box.
  • Please limit one comment after any comment posted per post.