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Interviewer: "What accounts for your success, Mr. Getty?"

J. Paul Getty: "Some people find oil, some don't."

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Shell Forecasts Peak Oil in 2015

 

The President of Royal Dutch Shell has published a white paper on the company’s web site which is bold in its candor and its vision.  In addition to advocating actions against human caused global warming, Mr. van der Veer says that crude oil production will peak in 2015, that supplemental sources of oil will be needed and that conservation efforts need to be increased.  His vision is remarkably close to the one I have described on this site. 

 

Reading between the lines, one might think this paper could provide the reasoning behind a giant acquisition by RDS of a Canadian oil sands property, which would no doubt be a very expensive and possibly challenged move by Shell, if it happens.  Here is the full piece.

More on this topic (What's this?)
"Why Oil Prices Must Fall" (naked capitalism, 10/8/08)
Why $60 Oil Will Not Last Long (Contrarian Profits, 11/17/08)
Why the President’s Push for Lower Oil Prices is Nothing But a Pipe Dream (Money Morning, 1/16/08)
Read more on Peak Oil, Oil Prices, Royal Dutch Shell at Wikinvest

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This entry was posted on Sunday, January 27th, 2008 at 12:47 pm and is filed under Canada (oil sands), Conservation, Int'l Oil Companies, Peak Oil. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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