FROM A SHELL INSIDER
Hello John
No doubt you are already aware, but in these Olympic times with your queen jumping out of a helicopter, one never knows.
You are aware of the growing Libor scandal. I just read that other banks also were involved such as RBS and the Swiss UBS.
Now, who was a director not too long ago in UBS?????
And on another topic, the window of opportunity to drill a well in the arctic is narrowing by the day. Before too long they will have to postpone the whole circus for another 8 months. This will cost a fortune. Not good planning. I see similarities with the Kashagan field. Too little detailed planning upfront, too much arms-length management (the boys know what they are doing) and then things derail. No money has been earned just yet on one of the biggest discoveries in the last few decades.