Show me the money

Shell is promising more jam tomorrow - maybe. The oil firm is investing hand over fist, but now says it may hold back some of these projects because of rising costs. That jeopardises its long term reserves target. By implication, Shell’s production targets must be questioned too. At least Shell is doing well enough now. First quarter results rose by a better than expected 12%. Few doubt that Shell has good long term prospects too. It has an enviable position in non-conventional fuels, such as o...