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DewDiligence

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DewDiligence

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Re: DewDiligence post# 4234

Tuesday, 02/07/2012 2:57:41 PM

Tuesday, February 07, 2012 2:57:41 PM

Post# of 30493
Addendum from Shell’s 4Q11 CC: Worldwide production was 52% liquids, 48% gas.* In 2012, gas will be >50% and in 2017 it will be higher than in 2012, but it will not be as much as 60%. As of today, 75% of Shell’s worldwide gas volume (including almost all of its LNG) is linked to spot price of oil.

*By comparison XOM’s 4Q11 liquids/gas breakdown was 50/50 (#msg-71611622) and CVX’s was 69/31 (#msg-71497743)

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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