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Financial Times: Observer: Unreserved energy

By Sheila McNulty
Published: February 13 2006
Charitability seemed the order of the day at the oil summit, hosted by Cambridge Energy Research Associates. And why not, with sky-high petroleum prices allowing the industry to pump out record profits. Jeroen van der Veer, enthusiastic chief executive of Royal Dutch Shell, was another keynote speaker – putting well behind him Shell's 2004 humiliation when its figures for proved reserves were, er, proved wrong.

Nobody pressed van der Veer on the issue that powered him to the top job. Indeed, expounding on extraction methods, he was even able to assure the gathering: “The world is not running out of energy.” That's handy.

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