Rising costs and taxes, and limited access to new supplies help explain why BP and Shell have performed so badly and underperformed US peers ExxonMobil and Chevron. But other factors have been at work, such as the fatal accident at BP’s Texas City oil refinery and the reserve misreporting scandal at Shell.
Posts Tagged ‘Peak Oil’
The Sunday Times: The only way is up for oil prices
The Sunday Times: The only way is up for oil prices By Dominic Rushe May 23, 2004 ACROSS America the average price of regular petrol passed $2 (€1.66) a gallon last Monday. To outsiders, American fuel still looks laughably cheap. Aquafina, a popular bottled water, costs about $2.50 a gallon. But this is [...]
Street Sleuth: Oil-Price Forecasts Seem to Miss Upward Trend
The Wall Street Journal: Street Sleuth: Oil-Price Forecasts Seem to Miss Upward Trend Wall Street Tends to Make Wrong Calls in Rallies; History Is No Assurance By JUSTIN LAHART Staff Reporter of THE WALL STREET JOURNAL May 19, 2004; Page C3 Most energy watchers agree: The price of oil won’t remain above $40. But if [...]


Shell Blog RSS Feed