Monday December 12, 2005 
Monday December 12, 2005
Shell Lacks Oil Sources : Merrill Lynch fund manager
peakoil.com -> bloomberg.com :
Royal Dutch Shell Plc isn't succeeding in finding enough new sources of oil, according to Robin Batchelor, a fund manager at Merrill Lynch & Co., De Telegraaf newspaper reported. Batchelor, who heads the $3.7 billion World Energy Fund, sold all of his shares in Shell last year after the company overstated its oil reserves, the newspaper said.
See also :
1. Oil Majors Hitting Peak Production Within 48 Months
(2005-12-12 08:20:27 SGT)
[Energy]
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