Shell President Forced to Address ‘Peak Oil’ Theory

PARIS — Shell announced their record profits at two press conferences this week. The first in Hague in Holland and the second later in the same day in their London centre. The London conferences were attended by Chief Executive Jeroen van der Veer and Chief Financial Officer Peter Voser.

At the conference, Shell revealed 2005 profits of $22.9 billion on revenues of $379 billion, which were up 30% from profits of $17.6 billion in 2004. These were the biggest profits ever made by a British company.

Also in attendance at the conference was author David Strahan. Strahan is currently writing a book on energy supply issues having moved from broadcast journalism at the BBC. Strahan was producer of the seminal BBC Money Programme on