It's hard to believe that this is it, after all the speculation. The market is going to be very disappointed.

Looks like they're transforming themselves into an E&P company. But refining should continue to be a big problem in the second quarter.

They seem to raise capital at appropriate times, so it's not a huge surprise.

I wonder why that's so low, given the imports of crude that are just booming. Maybe it's going into some new government inventory stash.

But Germany will always suffer, I fear, from the intensely dramatic character of the crimes of the Third Reich.

There are thus great swathes of the past where understanding is more important and reputable than judgement, because the principal actors performed in line with the ideas and values of that time, not of ours.