A particular, yet relevant, particular case of the Penrose inequality
involves null shells propagating in the Minkowski spacetime. Despite previous
claims in the literature, the validity of this inequality remains open. In this
paper we rewrite this inequality in terms of the geometry of the surface
obtained by intersecting the past null cone of the original surface S with a
constant time hyperplane and the "time height" function of S over this
hyperplane. We also specialize to the case when S lies in the past null cone of
a point and show the validity of the corresponding inequality in any dimension
(in four dimensions this inequality was proved by Tod). Exploiting properties
of convex hypersurfaces in Euclidean space we write down the Penrose inequality
in the Minkowski spacetime of arbitrary dimension n+2 as an inequality for two
smooth functions on the sphere. We finally obtain a sufficient condition for
the validity of the Penrose inequality in the four dimensional Minkowski
spacetime and show that this condition is satisfied by a large class of
surfaces.Comment: 25 pages, 2 figures, Late