Royal Dutch Shell Plc  .com Rotating Header Image

US shale is a surprisingly unprofitable miracle

Screen Shot 2013-08-02 at 10.48.21FINANCIAL TIMES

Near outright admissions of error by chief executives, such as Mr Voser’s as quoted in the Financial Times, are far too rare, thanks to the bubbles of sycophancy in which most of them live.

Mr Voser commendably took responsibility in August for a $2.1bn writedown on the value of the company’s US shale assets…

SOURCE FT ARTICLE: By John Dizard: October 11, 2013 7:48 pm

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

0 Comments on “US shale is a surprisingly unprofitable miracle”

Leave a Comment

%d bloggers like this: