From a Regular Contributor
I see Shell got an American as its new chairman.
(Chad Holliday right).
Not certain that is good news for the shareholders, although it is clearly good politics.
Shell needs extensions to its leases in the Arctic and with an American arguing the issue they might succeed.
If he saves Shell’s $6 billion investment he will have earned his salary.
Shell also knows there is a bunch of oil and gas in those structures they want to drill. And so the rumors of a Shell/BP merger are not to be dismissed. A merger would give Shell BP’s interest in Alaska, unless the USG objected.
The new chairman can help smooth those hurdles as well.