Word: royalities
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...just can't keep Big Oil down. Trouncing analysts' expectations Tuesday, BP and Royal Dutch Shell, Europe's largest oil companies, delivered record profits for the first quarter of 2008. Anglo-Dutch firm Shell netted $7.78 billion in the first three months of this year, up 12% over the same period in 2007. Profits at rival BP, meanwhile, swelled by almost half to $6.59 billion. Shares in each firm climbed almost 5% on the news...
...Sure enough, Royal Dutch Shell Chief Executive Jeroen van der Veer limited himself to calling the results a "competitive set of earnings." And he was quick to point out that "Shell has the largest capital spending program in our industry today, to ... play our part in ensuring that energy markets remain well supplied." That slight air of defensiveness is easy to understand. Where corporate profits are concerned, "everybody thinks it goes into the pockets of senior people," says Webley. "That is far from the case." The suggestion is that Shell and BP's profits will be plowed back into exploration...
When Philip III ascended to the Spanish throne in 1598, he was 19 years old and uninterested in the responsibilities of a monarch. His friend the Duke of Lerma–the court’s preeminent tastemaker as well as the most important non-royal art collector in Europe–took over matters of state, while Philip squandered vast sums of money on lavish fiestas and foreign wars. The King and the Duke shared a mutual devotion to art that ushered in a dynamic period in Spanish painting, now featured in an outstanding new exhibit...
...There was a warmth and a feistiness to Clinton in Pennsylvania - the very qualities that Obama was lacking. She had embraced the shameless rituals of politics, including some classic low-information signals, downing shots of Crown Royal and promising lower gas prices, attacking her opponent over trivia and threatening to "obliterate" Iran. It was enough to earn the ire of the New York Times editorial page, which harrumphed, "By staying on the attack and not engaging Mr. Obama on the substance of issues ... she undercuts the rationale for her candidacy that led this page and others to support her: that...
...William's cushy flight training has drawn criticism, but so would his being deployed to a combat zone - an unlikely prospect after Harry's experience. Further proof, perhaps, that while it has its undeniable perks, being a British royal is no job for the faint-hearted...