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That America loves cars is one of the cultural and economic truths that underpins the behemoth that is the United States, but it is a love affair that appears to be going through a rocky patch. Carmakers cant sell their vehicles, Washington is refusing to indulge them with unlimited, no-questions-asked extra funding and now a lake of unsold oil stored in refineries and ports across the country has swollen to its highest level in 16 years, according to figures unveiled by the US Energy Department. Even the weekly level of petrol in storage surged by 2.8 million barrels, defying expectations of a fall.
The news sent the oil price, which had been rising after Opecs production cuts, back below $50 a barrel. It also weighed on the oil majors. BP ended yesterday down 10½p at 461p and Shell lost 29p to close at £15.02. BP took a double blow as Goldman Sachs downgraded from neutral to sell, saying that this year would be its last of production growth. Goldman said that as its fields run dry, the amount of the black stuff that BP pumps would fall after 2010 by roughly 2 per cent a year.
However, Goldman, which wrongly predicted that the oil price would reach $150 a barrel by the end of last year, raised its forecast for the price for the first half of this year and kept a buy at a reduced price on Shell. The shares were also hit by an investor placing a 10.5 million holding of Amsterdam-listed stock.
Posted in: BP, Oil, Oil Prices, Royal Dutch Shell Plc, Shell, The Times, United States.
Tagged: BP · Oil Prices · Shell
Sir Henri Deterding, the controversial and outspoken founder of Royal Dutch Shell, now haunts the website. Wise to all the knowledge of Shell, and its shellanigans, he delivers informative and satirical insight to anything about Shell. He's a grumpy old sod, so you'll have to excuse his bluntness.
Click the big chat-bubble (bottom-right of the website) to ask Sir Henri a question. Enjoy!





The worst ever
I used shell broadband. It was by far the worst broadband provider ever! The internet did not work most days. I had their super fast broadband and it dropped out constantly. Watching a movie was awful with the constant buffering. Customer support was super slow. Now their going to charge me for the useless router which I have sent back.
Date of experience: 21 November 2023
Broadband Service is Appalling
I ordered shell energy broadband on nov 2. I was promised connection the following week. They initiated the direct debit. I called the following week and was told router would arrive on 13 and service would go live on 17. No further email or communication until 20 when I was told service would start on 30th. Spent 10 minutes waiting on phone line and spoke to a polite assistant who was absolutely useless in solving my problem. Avoid this unprofessional and chaotic… Read more
The worst ever
I used shell broadband. It was by far the worst broadband provider ever! The internet did not work most days. I had their super fast broadband and it dropped out constantly. Watching a movie was awful with the constant buffering. Customer support was super slow. Now their going to charge me for the useless router which I have sent back.
Date of experience: 21 November 2023
30 November 2023: Posted by John Donovan
The content below is sourced from current verifiable customer reviews of Shell Energy published on Trustpilot.
Extremely slow broadband for 10 months, not fixed. I have had slow broadband well below the guaranteed speed for 10 months and Shell Energy have not been able to fix it. They have tried sending about 4 or 5 engineers but have not fixed the problem. Gurps, who I have been dealing with most recently, has been friendly and polite, alth… Read more

See our link list of over 500 articles by the FT, Wall Street Journal, Reuters, Bloomberg, Forbes, Dow Jones Newswires, New York Times, CNBC etc, plus UK House of Commons Select Committee Hansard records, information on U.S. Securities & Exchange Commission website etc. all containing references to our Shell focussed websites, or our website founders Alfred and John Donovan. Includes TV documentary features in English and German, newspaper and magazine articles, radio interviews, newsletters etc. Plus academic papers, Stratfor intelligence reports and UK, U.S. and Australian state/parliamentary publications, also citing our Shell websites. Click on this link to see the entire list, all in date order with a link to an index of over 100 books also containing references to our non-profit websites and/or our activities.

John Donovan, the website owner


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