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Context of 'February 4, 2005: Shell Oil Reports Big Profit Increase Thanks to Record Oil Prices'

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Shell Oil logo.Shell Oil logo. [Source: Terra Daily (.com)]Royal Dutch/Shell Group chairman Sir Mark Moody Stuart, Shell Oil chairman Steven Miller, and two other officials from those firms meet with Vice President Cheney’s energy task force (the National Energy Policy Development Group—see May 16, 2001). In November 2005, Shell Oil president John Hofmeister will claim that no one from Shell ever met with the task force (see November 16, 2005). [Washington Post, 11/16/2005]

Entity Tags: Royal Dutch/Shell, John Hofmeister, National Energy Policy Development Group, Mark Moody Stuart, Steve Miller, Richard (“Dick”) Cheney

Timeline Tags: US Environmental Record

The Bush administration picks Philip Carroll, a former CEO of Royal Dutch/Shell’s US division, to advise post-Saddam Iraq’s oil ministry. [Harper's, 4/2005, pp. 74-76] He is formally appointed in January 2003 along with Gary Vogler of ExxonMobil, three employees of the US Department of Energy, and an employee of the Australian government. In the months before the invasion, they are sent to Kuwait where they “begin planning for the restructuring of the ministry of oil to improve its efficiency and effectiveness [and] begin thinking through Iraq’s strategy options for significantly increasing its production capacity,” Carroll later explains. [Muttitt, 2005]

Entity Tags: US Department of State, Gary Vogler, Australia, Philip J. Carroll

Timeline Tags: Events Leading to Iraq Invasion

Shell Oil reports that its 2004 fourth-quarter net income rose 133 percent to $4.48 billion compared with the same period a year before. The dramatic increase in profits is attributed to record high oil prices. [Agence France-Presse, 1/26/2004]

Entity Tags: Royal Dutch/Shell

Timeline Tags: Events Leading to Iraq Invasion

Secretary of Interior Gale Norton resigns. In her resignation letter to President Bush she thanks him and praises him for “great work in the face of hurricanes, record-setting wildfires and droughts, acrimonious litigation, and expanded post 9/11 security responsibilities.” [CNN, 3/10/2006] Norton, who has been criticized by environmental groups for opening public lands up to timber (see December 11, 2002), mining, and oil and gas interests (see April 11, 2003, October 8, 2003, and January 21, 2004), will be hired as a key legal advisor for Royal Dutch Shell PLC in December. [New West, 12/27/2006]

Entity Tags: George W. Bush, Royal Dutch/Shell, Gale A. Norton

Timeline Tags: US Environmental Record

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