Thursday 17 December 2009

Crystal clear voice.


Crystal clear voice. The two things by now, which are lightly bothering me. The first is my error to be sure that the ExxonMobile acquisition of XTO Energy is a finishing chapter and go a head. Seems, that right now is a long way yet to be true. Another fixation is the how the US Security and Exchange Commission want do the “illegal” or “commercially impracticable” the hydraulic fracturing. I f this method are used by thousands countries since the early 50’s of last century? Secondly it’s my “special” Christmas, it’s my “shopping spree”, well, the my “Account Department” and his connection to the “earning related” matter. Because, if this kind of situation happen for a second time in one Financial Year – come to be something like a “sad normality”… The everyone remember the pandemonium created by the German owned travel firm Thomas Cook. Myriad people last August where taking ‘sun-bath’ in the benches of dozen terminals around the world. Was thinking now, maybe the others are too distracted (especially this time of year) to stroll down this memory lane? For me it’s no fare. Why should I be squeaky wheel speaking in loud, crystal clear voice to someone? To injecting the confidence, being the captain of optimism, and to rule the boatload of patience? Not be worthwhile to join the forces in some kind of team effort? I know that the “Wheel of Fortune”, as a matter of fact, any wheel never was or will be too favorable to me. But, at least the intellectual proximity, what I expect, will be last to die.

Thousands stranded as Globespan Group travel company collapses. Thousands of British holidaymakers today faced a battle to return home for Christmas after waking up in hotels around the world to discover that their flights had been cancelled. Flyglobespan, Scotland’s largest airline, has gone bust, leaving about 5,000 travellers stranded abroad and 800 staff out of a job. More than 100,000 people have booked Christmas breaks with the company, which went into administration last night. Tens of thousands will receive no compensation for the loss. They just don’t know what’s happening.” The majority of the airline’s flights operated from Glasgow, Edinburgh and Aberdeen and served Mediterranean resorts, but some flew further, with destinations including Florida and Egypt. The airline also flew from Cardiff, Belfast and Manchester. About 117,000 people who had booked flights will not now get them. Of those, 27,000 who had booked package holidays should get their money back but another 90,000, who had booked flights only, risk losing what they have paid. Those who paid online using debit cards are most likely to lose their money. Only credit card payments or those who booked using an ATOL-bonded travel agent are likely — eventually — to receive a refund. Earlier this week the Edinburgh-based company had denied suggestions that it was on the brink of collapse, claiming that it was on the verge of securing a major funding package from Halcyon Investments, a Jersey-based corporate financing firm. However, it is believed that yesterday the deal, said to be linked to funds that the airline was owed by a credit card processing firm, failed to secure regulatory approval. The airline has been hit by high fuel costs and has struggled to keep passenger numbers up during the recession. It looked to have turned a corner when it announced a profit of £1.2 million for 2008-09 after recording a £19 million loss the previous year. However, continuing difficulties meant that earlier this year it withdrew flights from Durham Tees Valley, citing a worsening economic climate. Ryanair and easyJet budget airlines stepped in with offers last night to fly the airline’s passengers on routes that overlapped with their own. Ryanair said it that would charge £89 one-way fares and easyJet said that it would fly stranded holidaymakers home for £60. Bruce Cartwright, a PricewaterhouseCoopers accountant appointed to administer the airline, said that all flight operations would cease. The Civil Aviation Authority will be responsible for getting home about 1,100 of the stranded passengers who booked flights as part of a Flyglobespan package holiday. Mr Cartwright said that those who had booked flights via the website or by phone would not be protected by the ATOL scheme. He also confirmed that, apart from a small number of employees who would be kept on to wind down the company, the workforce would be made redundant. Paul Clark, the Transport Minister, said: “I urge all affected passengers to identify themselves as former Flyglobespan customers to alternative carriers in order to ensure they benefit from special repatriation fares.“My principal concern is to ensure that those who are currently abroad are able to get home for Christmas.”

Exxon can exit XTO deal if drilling technique restricted. Thu Dec 17, 2009 11:34am GMT. (Reuters) - Exxon Mobil Corp (XOM.N: Quote, Profile, Research) said it can pull out of its $30 billion acquisition of XTO Energy (XTO.N: Quote, Profile,Research) if U.S. lawmakers pass legislation on a controversial drilling technique used to tap oil and gas fields. Exxon would be able to walk away from the deal if U.S. lawmakers make hydraulic fracturing "illegal" or "commercially impracticable," according to the merger agreement filed by Exxon with the U.S. Securities and Exchange Commission. Hydraulic fracturing, or "fracking," injects a mixture of water, sand and chemicals into rock formations at high pressure to force out oil and natural gas. The practice is used to stimulate production in old wells, but is now also used to tap oil and gas trapped in shale beds across North America. On Monday, Exxon said it plans to buy XTO Energy Inc in an all-stock deal. The combined companies will have 8 million acres of shale gas and other types of unconventional resources, the largest in the industry. The oil and gas industry says hydraulic fracturing is well regulated and safe, a position that Exxon says it supports. Critics say the drilling chemicals have polluted aquifers in Pennsylvania and Colorado and can cause cancer and other serious illnesses.

Gokhran to buy Alrosa output for $71 p/ct . Russia's state stockpile agency Gokhran released details of next year's state funding for rough diamond purchases from Alrosa. According Gokhran, the 2010 budget allocates the rouble equivalent of $1 billion for purchase of about 14 million carats. This is the first disclosure of the dollar and carat totals, allowing the first-ever calculation that Gokhran is paying, or plans to pay Alrosa, an average of just over $71 per carat.

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