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From our Shell News Archive Monday 15 November, 2004

From our Shell News Archive Monday 15 November, 2004

BLOOMBERG: Shell Shifts Europe Oil Exploration to Northern, Deeper Waters: “Royal Dutch/Shell Group, the world’s third-largest oil company, said it’s looking to the North Atlantic Margin for its next big European oil and gas finds as it seeks to replace older, flagging North Sea reserves.” (ShellNews.net) 15 Nov 04

Barron’sOnline: The Gathering Storm: The dean of energy analysts sees a difficult future: “THE ENERGY CRISIS WE ARE IN today is entirely different from the temporary problems we experienced in 1973-74, 1979-86, 1990-91 and 2000”: “There could be a good deal of time wasted in recrimination while we seek to pin responsibility on culprits and conspirators and demons”: The great Shell Oil geophysicist, M. King Hubbert (1903-1989)… …predicted that the peak of U.S. oil production would occur in the early 1970s (and, despite considerable skepticism about his prediction, he was right on target).” (ShellNews.net) 15 Nov 04

THE WALL STREET JOURNAL: Australia’s Oil Profile Rises: “SYDNEY, Australia — Not long ago, Australia’s oil and gas industry was stuck in neutral. The country’s flagship oil and gas company, Woodside Petroleum Ltd., was locked in a nasty takeover battle with Royal Dutch/Shell Group…” (ShellNews.net) 15 Nov 04

THE TIMES (UK): QUOTE OF THE DAY: “There are enough stocks; there is no real alarm… Jeroen van der Veer...” (ShellNews.net) 15 Nov 04

THE INDEPENDENT (UK): Shell chief expects oil price to fall: “JEROEN VAN der Veer, the chief executive of the Royal Dutch/Shell oil giant, said yesterday he expected oil prices to decline over the next year as global demand slows. “In a year’s time, prices will ease,” he told the BBC’s Breakfast with Frost. (ShellNews.net) 15 Nov 04

THE WALL STREET JOURNAL: UK PRESS: Oil Capacity “Close To” Demand Says Shell’s CEO: Speaking on the BBC’s Breakfast With Frost program, van der Veer said compared with last year, “stock levels in the world are pretty normal.” And oil prices may come down, as capacity rises, he said. (ShellNews.net) Posted 15 Nov 04

BLOOMBERG: Crude Oil Futures Decline as U.S. Supplies Gain Before Winter: “Royal Dutch/Shell Group Chief Executive Officer Jeroen van der Veer said yesterday world supplies are plentiful and he expects oil prices to decline over the next year as global demand for crude slows.”: ““In a year’s time, prices will ease,” Van der Veer said in an interview on the British Broadcasting Corp.’s “Breakfast with Frost” program. “At the moment, there are enough stocks. There is no real alarm.” (ShellNews.net) 15 Nov 04

Related Transcript: ShellNews.net: BBC TV “BBC Breakfast with Frost”: Transcript of Interview: Oil on troubled waters:  On Sunday, 14 November, 2004, Sir David interviewed Chief Executive of Shell, Jeroen Van Der Veer.: “By developing new sources of oil in Russia and even Iraq, Shell hopes to shake off the bad press it received earlier this year when it emerged that it exaggerated, hugely exaggerated, the extent of its oil reserves by 20%.”: “First of all the big scandal as it were, earlier this year, which led to your having to take over the reins as it were. There are still three possible actions against Shell being considered, aren’t there? (Sun 14 Nov 04)

Greenleft.org (Australia): Shell poisons Corio Bay: “The Shell oil refinery in Geelong has once again been caught out polluting Corio Bay.”: “Clifton Springs — across the bay from Shell — has one of the highest asthma rates in the world, but these big companies don’t care how many people, fish, waterways, trees or whatever they poison, as long as they can take home their massive profits. (ShellNews.net) 15 Nov 04

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