3 years Unix/Linux system administrator experience in IC design field;2 years infrastructure engineering experience on e-business website(walmart.com & ebay.com);experience on Unix/Linux system skill;experience on development languages and tools: perl, python, mysql;Fluent English skill. above 11chi flat iron Years MES related experiences in MES field acted as a PM, pre-sales,Implementing Consultantchi hair straightener, Dpt Manager and a developer in MES software production development project. at present, I am the one of the most famous consultants of MES in China Mainland, An IBM MES specialist such as High-tech indurstry, Traditional indurstry, New Energy indurstry ect.
Career Objective:
1. I wanna get a better choice to meet a challenge in a new MES job like PM,Pre-sales,or CIO of the manufacture industry.cheap nike shoes
2. above 11 years experience in MES/SFC related field, cheap wedding gownssuch as PM, Pre-sales, Consultant, developer, to handle user trouble-shooting,training and managing a team,these experiences in MEScheap prom dresses field is the best one for your MES business in China Market.some birds are not meant to be caged
something inside
more than just words
Thursday, July 15, 2010
6-sigma Green Belt certified
Exceed ten years working experience in apparel industry, solid experience in visual merchandising area, has been staying in retailing sales promotion and visual marketing area for a long time.cheap authentic nfl jerseys
Works independently on the brand image planning, the VM guideline design and production, the advertisement designing, supervises and prepares VM training for clients across the eastern region of PRC
Professional acumen in matching colors. nike shoxBe creative in VM images designing while consist ·More than 6 years hand-on experiences of composite structures design.
·Solid background with Polymer Material; Familiar with composite material properties and manufacture process.
·Good project management skills; excellent communication skills with global /cross-functional team.
·6-sigma Green Belt certified.
·Fluent English in speaking and writing, excellent presentation skills.
·Self-motivated.
Career nike shoesObjective:jerseys monster
With 3 years rich design experiences and 1 years team activities leading experiences, seeking for a team leader position for engineering team in Wind/nike trainerEnergy business or Polymer material business. Achievements
Andrea, Italy
Movthear
Works independently on the brand image planning, the VM guideline design and production, the advertisement designing, supervises and prepares VM training for clients across the eastern region of PRC
Professional acumen in matching colors. nike shoxBe creative in VM images designing while consist ·More than 6 years hand-on experiences of composite structures design.
·Solid background with Polymer Material; Familiar with composite material properties and manufacture process.
·Good project management skills; excellent communication skills with global /cross-functional team.
·6-sigma Green Belt certified.
·Fluent English in speaking and writing, excellent presentation skills.
·Self-motivated.
Career nike shoesObjective:jerseys monster
With 3 years rich design experiences and 1 years team activities leading experiences, seeking for a team leader position for engineering team in Wind/nike trainerEnergy business or Polymer material business. Achievements
Andrea, Italy
Movthear
Wednesday, May 19, 2010
Man Who Spread H.I.V. May Be Held
ALBANY — Attorney General Andrew where is my loveM. Cuomo’s office is moving to block the release of Nushawn J. Williams, the Brooklyn man who was believed to have knowingly infected a number of young women and girls in upstate New York with H.I.V. in a highly publicized case more than a decade ago. Mr. Williams, look at yourself33, was due to be released on Tuesday after serving his maximum sentence of 12 years, but Mr. Cuomo’s office is seeking to keep him in custody under a three-year-old state law that permits the civil confinement of sex offenders. Last Friday, a state judge in Buffalo,ok, it is yours now near where Mr. Williams has been jailed, ordered that he remain in custody pending the outcome of a civil confinement proceeding.
A long-term resolution to Mr. Williams’s status is likely to be determined at a civil jury trial, which will decide whether he suffers from afly away mental abnormality that requires confinement at a psychiatric facility or release under intensive supervision. He could also forgo a trial by entering into an agreement with the state, similar to a plea agreement in a criminal case. “Under law, he remains confined as the courtsomething about skill process moves forward,” said John Milgrim, a spokesman for Mr. Cuomo. State officials said on Tuesday that the court has not yet appointed a lawyer for Mr. Williams in the civil proceedings. Mr. Williams’s case received nationwide attention after it first became public in 1997, leading to debate about his culpability in spreading a potentially fatal sexually transmitted disease. It also led to the passage of a law requiring doctors and laboratories to report to the state the names of people who test positive for H.I.V. The information is passed on to local health officials, who interview those infected and ask them to name their partners and to warn them. A drifter with a history as a gang member and a drug dealer, Mr. Williams once boasted in a television interview of having sex with 200 to 300 women, from New York City and Rochester to a swath of towns in western New York — Jamestown, Dunkirk, Silver Creek, Randolph, Kennedy and Panama Village — as well as in Charlottesville, Va., and in North Carolina. In Chautauqua County, south of Buffalo, an investigation by the health commissioner found Mr. Williams to be the common denominator in the rapid spread of the disease. Health officials say Mr. Williams was informed of his H.I.V. status in 1996, but three years later, in a television interview from the Clinton Correctional Facility in Dannemora, N.Y., he expressed denial about his H.I.V. status, saying “I still don’t even know if I got it now,” adding of the women he slept with, “yeah, I gave them a death sentence, but it wasn’t knowingly.” He pleaded guilty to charges of statutory rape and two counts of reckless endangerment for knowingly infecting two girls with the AIDS virus. He is being held under civil confinement legislation that was signed in March 2007, an early victory in the brief administration of Eliot Spitzer. His predecessor, George E. Pataki, could not forge agreement on the issue with Assembly Democrats, and began using the state’s existing mental health laws to detain sex offenders in psychiatric hospitals nonetheless, a practice that the Court of Appeals struck down in late 2006. In the first three years of the new law, the state has filed 377 petitions to continue to supervise or confine inmates after the end of their criminal sentences. Many of the cases are still pending. Of the 111 civil management trials that have been held, only 15 inmates have been found not to have a mental abnormality that required supervision or confinement. Another 133 inmates have struck agreements with the state, either consenting to be confined in mental health facilities or placed under strict supervisionhttp://www.inktankforums.com
http://www.g15mods.com/forum
http://www.tyrrelstown.net/forum
http://www.ohioccwforums.org
http://macgurus.com/forums
A long-term resolution to Mr. Williams’s status is likely to be determined at a civil jury trial, which will decide whether he suffers from afly away mental abnormality that requires confinement at a psychiatric facility or release under intensive supervision. He could also forgo a trial by entering into an agreement with the state, similar to a plea agreement in a criminal case. “Under law, he remains confined as the courtsomething about skill process moves forward,” said John Milgrim, a spokesman for Mr. Cuomo. State officials said on Tuesday that the court has not yet appointed a lawyer for Mr. Williams in the civil proceedings. Mr. Williams’s case received nationwide attention after it first became public in 1997, leading to debate about his culpability in spreading a potentially fatal sexually transmitted disease. It also led to the passage of a law requiring doctors and laboratories to report to the state the names of people who test positive for H.I.V. The information is passed on to local health officials, who interview those infected and ask them to name their partners and to warn them. A drifter with a history as a gang member and a drug dealer, Mr. Williams once boasted in a television interview of having sex with 200 to 300 women, from New York City and Rochester to a swath of towns in western New York — Jamestown, Dunkirk, Silver Creek, Randolph, Kennedy and Panama Village — as well as in Charlottesville, Va., and in North Carolina. In Chautauqua County, south of Buffalo, an investigation by the health commissioner found Mr. Williams to be the common denominator in the rapid spread of the disease. Health officials say Mr. Williams was informed of his H.I.V. status in 1996, but three years later, in a television interview from the Clinton Correctional Facility in Dannemora, N.Y., he expressed denial about his H.I.V. status, saying “I still don’t even know if I got it now,” adding of the women he slept with, “yeah, I gave them a death sentence, but it wasn’t knowingly.” He pleaded guilty to charges of statutory rape and two counts of reckless endangerment for knowingly infecting two girls with the AIDS virus. He is being held under civil confinement legislation that was signed in March 2007, an early victory in the brief administration of Eliot Spitzer. His predecessor, George E. Pataki, could not forge agreement on the issue with Assembly Democrats, and began using the state’s existing mental health laws to detain sex offenders in psychiatric hospitals nonetheless, a practice that the Court of Appeals struck down in late 2006. In the first three years of the new law, the state has filed 377 petitions to continue to supervise or confine inmates after the end of their criminal sentences. Many of the cases are still pending. Of the 111 civil management trials that have been held, only 15 inmates have been found not to have a mental abnormality that required supervision or confinement. Another 133 inmates have struck agreements with the state, either consenting to be confined in mental health facilities or placed under strict supervisionhttp://www.inktankforums.com
http://www.g15mods.com/forum
http://www.tyrrelstown.net/forum
http://www.ohioccwforums.org
http://macgurus.com/forums
Rickey Minor replacing Eubanks on 'Tonight Show'
NEW YORK – "American Idol" music director Rickey Minor is headed for "The Tonight Show with Jay Leno." you can find hope here
Minor replaces longtime music director Kevin Eubanks, who on Monday's show made his May 28 exit date official. where? when? who?
In an announcement Tuesday, NBC said Minor is expected to debut at "Tonight" on June 7.
The current season of "American Idol" ends in late May, after which Minor will continue to consult with "Idol" creator Simon Fuller on various projects, NBC said.Minor has also served as music director of the Super Bowl, themy code and project Grammy Awards and "The NAACP Image Awards."
His 2009 book, "There's No Traffic on the Extra Mile," shares his recollections of collaborating with such performing artists as Whitneytruth of the life Houston, Christina Aguilera, Alicia Keys, Ray Charles and Beyonce."We couldn't be more excited," said Debbie Vickers, "Tonight" executive producer. She said the show "code and softwarehas a long tradition of acclaimed musicians in this role, and it's great to now include Rickey alongside Kevin and Branford
Eubanks has been aboard "Tonight" since Leno took over as host in 1992. He became music director when Marsalis left in 1995, with duties that included strumming the guitar and playing Leno's comic sidekick. In February, NBC said Eubanks had expressed interest in personal touring and recording.NEW YORK – "American Idol" music director Rickey Minor is headed for "The Tonight Show with Jay Leno."
Minor replaces longtime music director Kevin Eubanks, who on Monday's show made his May 28 exit date official.
In an announcement Tuesday, NBC said Minor is expected to debut at "Tonight" on June 7.
The current season of "American Idol" ends in late May, after which Minor will continue to consult with "Idol" creator Simon Fuller on various projects, NBC said.Minor has also served as music director of the Super Bowl, the Grammy Awards and "The NAACP Image Awards."
His 2009 book, "There's No Traffic on the Extra Mile," shares his recollections of collaborating with such performing artists as Whitney Houston, Christina Aguilera, Alicia Keys, Ray Charles and Beyonce."We couldn't be more excited," said Debbie Vickers, "Tonight" executive producer. She said the show "has a long tradition of acclaimed musicians in this role, and it's great to now include Rickey alongside Kevin and Branford (Marsalis)."Eubanks has been aboard "Tonight" since Leno took over as host in 1992. He became music director when Marsalis left in 1995, with duties that included strumming the guitar and playing Leno's comic sidekick. In February, NBC said Eubanks had expressed interest in personal touring and recording
http://www.t7dy.net/vb
http://q1111q.com/vb
http://www.effortlessvision.com/forum1
http://www.thearcade.biz/forums
http://www.letsgoblues.com/phpBB
Minor replaces longtime music director Kevin Eubanks, who on Monday's show made his May 28 exit date official. where? when? who?
In an announcement Tuesday, NBC said Minor is expected to debut at "Tonight" on June 7.
The current season of "American Idol" ends in late May, after which Minor will continue to consult with "Idol" creator Simon Fuller on various projects, NBC said.Minor has also served as music director of the Super Bowl, themy code and project Grammy Awards and "The NAACP Image Awards."
His 2009 book, "There's No Traffic on the Extra Mile," shares his recollections of collaborating with such performing artists as Whitneytruth of the life Houston, Christina Aguilera, Alicia Keys, Ray Charles and Beyonce."We couldn't be more excited," said Debbie Vickers, "Tonight" executive producer. She said the show "code and softwarehas a long tradition of acclaimed musicians in this role, and it's great to now include Rickey alongside Kevin and Branford
Eubanks has been aboard "Tonight" since Leno took over as host in 1992. He became music director when Marsalis left in 1995, with duties that included strumming the guitar and playing Leno's comic sidekick. In February, NBC said Eubanks had expressed interest in personal touring and recording.NEW YORK – "American Idol" music director Rickey Minor is headed for "The Tonight Show with Jay Leno."
Minor replaces longtime music director Kevin Eubanks, who on Monday's show made his May 28 exit date official.
In an announcement Tuesday, NBC said Minor is expected to debut at "Tonight" on June 7.
The current season of "American Idol" ends in late May, after which Minor will continue to consult with "Idol" creator Simon Fuller on various projects, NBC said.Minor has also served as music director of the Super Bowl, the Grammy Awards and "The NAACP Image Awards."
His 2009 book, "There's No Traffic on the Extra Mile," shares his recollections of collaborating with such performing artists as Whitney Houston, Christina Aguilera, Alicia Keys, Ray Charles and Beyonce."We couldn't be more excited," said Debbie Vickers, "Tonight" executive producer. She said the show "has a long tradition of acclaimed musicians in this role, and it's great to now include Rickey alongside Kevin and Branford (Marsalis)."Eubanks has been aboard "Tonight" since Leno took over as host in 1992. He became music director when Marsalis left in 1995, with duties that included strumming the guitar and playing Leno's comic sidekick. In February, NBC said Eubanks had expressed interest in personal touring and recording
http://www.t7dy.net/vb
http://q1111q.com/vb
http://www.effortlessvision.com/forum1
http://www.thearcade.biz/forums
http://www.letsgoblues.com/phpBB
Responsibilities and Achievements
Received management job rotation amongnike, my best choice different Departments- Market Department, Purchasing Department, Iron Making Plant, Steel Making Plant, and Equipment Department.-Analyzed manufacturing operations in Continuous Casting Plant, participated in 5 productivity and cost reduction projects and represented engineering on the Self-management Board Defined installation and test strategy for the new production facilities and oversaw the installation and commissioning of equipment through electrical/mechanical devices (process automation). Liased and coordinated the progress of related parties(Chinese and German Engineering Teams) and solved unexpected problems. Constructed process & instrumentation diagrams; designed and documented PLC automatic control systems and developed application software with SIMADYN-D and SIMATIC-S5/S7. ?- Finished 6% under budget and three months ahead of schedule. The way to the dream
?- Initiated, planned and implemented The Field Bus Improvement Projec, which produced a net profit of $120,000 per annum by reducing mill downtime by 17%. Consulting Projects:-Analyzed the SOURCE aspect (Supplier Relationship Management) of SCOR model for SAS Inc. in Business Intelligence Industry, including SWOT friendsinmyheartanalysis, Clockspeed analysis, Competitive analysis, SPO(Supplier Portfolio Optimizer), Financial analysis(Cost/benefit, ROI) and recommendations.-Developed a marketing plan for GAP in China which incorporated situation analysis, entry mode, I like itmarketing strategy, financial analysis and action plan.-Worked as a full time consultant and developed a 3-phased business plan and Feasibility Study in Africa for ICAP Business Incubator, a Columbia-based non-profit organization whose aim is to promote businesses between South Carolina and Southern African countries your best friend
http://forum.calgarypuck.com
http://www.recitdevprof.qc.ca/forum
http://www.southwestmafia.com/forumswm
http://forum.lesmobiles.com
http://forums.simflight.com
?- Initiated, planned and implemented The Field Bus Improvement Projec, which produced a net profit of $120,000 per annum by reducing mill downtime by 17%. Consulting Projects:-Analyzed the SOURCE aspect (Supplier Relationship Management) of SCOR model for SAS Inc. in Business Intelligence Industry, including SWOT friendsinmyheartanalysis, Clockspeed analysis, Competitive analysis, SPO(Supplier Portfolio Optimizer), Financial analysis(Cost/benefit, ROI) and recommendations.-Developed a marketing plan for GAP in China which incorporated situation analysis, entry mode, I like itmarketing strategy, financial analysis and action plan.-Worked as a full time consultant and developed a 3-phased business plan and Feasibility Study in Africa for ICAP Business Incubator, a Columbia-based non-profit organization whose aim is to promote businesses between South Carolina and Southern African countries your best friend
http://forum.calgarypuck.com
http://www.recitdevprof.qc.ca/forum
http://www.southwestmafia.com/forumswm
http://forum.lesmobiles.com
http://forums.simflight.com
Self Assessment
A seasoned GM (MBA) worked and chi hair straightenerstudied in Europe chi hair straightener(Germany, Austria), the USA and Japan; over 15 years’ progressive General management experiences in heavy machinery, metallurgy and Textile machinery; Excellent BD capability of quickly identifying opportunities and their realization. Hands-on experiences in successfully running a WOFE MNC in China to achieveralph lauren polo shirts ralph lauren polo shirtsfast growth and handsome profit; Super business acumen combined with Macro-thinking and strategic planning; Career Objective:Duties: In charge of market development activities for a joint venture between Allied and Taiko (a leading Japanese refractory MNC) to develop refractory sales to the rapidly growing Chinese steel Lacoste Polo Shirtsindustry; Acted as a strategic liaison between US and Japan top management for all market development activities; Conduct strategic market research to quickly identify target markets, competitive situation, formulate detailed action plans and integrate all available resources(R&D, Engineering, and Quality) to guarantee the executions with strategic direction and persistent follow-up; negotiated contracts with keyLacoste Polo Shirts customers;?- Quickly identified opportunities of US$10 million and turned them into Sales revenue?- Successfully organized sales/marketing activities (joint calls, technical seminars, exhibitions) participated by American and Japanese experts, timely adjusted market development strategies and focuses.
?- Firmly established Company’s reputation in the Chinese iron and steel industry(including top Design Institutes) in such a short time.
?- A major 4.8 million contract with Capital Steel was signed – integrating the Allied and Taiko materials and patented “Floating Trough” design concepts. A couple of field trials were conducted and turned into long term sales orders successfully.Improve operating efficiency and reduce costs by optimizing basic automation, consolidating functions, and leveraging technology; Improve quality through the mechanical and electrical control devices(PLC, local networks); Coach and motivate team; Raised on-time deliveries and customer satisfaction level. ?- Assembled and led cross-functional teams to analyze downtime failures, attack facility problems, locate the root causes, formulate and implement corrective actions accordingly, with the highlight of The Spool Reengineering Project, generating an annual cost savings of $130,000. ?- Orchestrated and launched Continuous Cost Reduction Program and Localization Program by improving the consumption efficiency of oil and spare parts, which resulted in 9% annual cost reduction.?- Directed Data Acquisition and Wedge Adjustment Project which reduced waiting time by 19% and increased productivity by 12%.
http://www.forum-duegieditrice.com
http://www.elektronikforumet.com/forum
http://www.rgym.info/forum
http://dedicatorias.euroresidentes.es
http://www.world-sat.info
?- Firmly established Company’s reputation in the Chinese iron and steel industry(including top Design Institutes) in such a short time.
?- A major 4.8 million contract with Capital Steel was signed – integrating the Allied and Taiko materials and patented “Floating Trough” design concepts. A couple of field trials were conducted and turned into long term sales orders successfully.Improve operating efficiency and reduce costs by optimizing basic automation, consolidating functions, and leveraging technology; Improve quality through the mechanical and electrical control devices(PLC, local networks); Coach and motivate team; Raised on-time deliveries and customer satisfaction level. ?- Assembled and led cross-functional teams to analyze downtime failures, attack facility problems, locate the root causes, formulate and implement corrective actions accordingly, with the highlight of The Spool Reengineering Project, generating an annual cost savings of $130,000. ?- Orchestrated and launched Continuous Cost Reduction Program and Localization Program by improving the consumption efficiency of oil and spare parts, which resulted in 9% annual cost reduction.?- Directed Data Acquisition and Wedge Adjustment Project which reduced waiting time by 19% and increased productivity by 12%.
http://www.forum-duegieditrice.com
http://www.elektronikforumet.com/forum
http://www.rgym.info/forum
http://dedicatorias.euroresidentes.es
http://www.world-sat.info
Thursday, May 6, 2010
Oil spill costs: What will BP really pay?
But thanks to the unpredictable nature of the oil slick and the legal maze surrounding maritime law, what BP will pay and to whom is very much an open question.
Start with the costs. Estimates to clean the spill and compensate other parties for the economic damage run from $2 billion to $14 billion. One politician even said it could run into the hundreds of billions.
The truth is that no one has any idea yet.
The spill, which the Coast Guard says is still leaking oil at a rate of roughly 200,000 gallons a day, could stay near the coast of Louisiana, as it's doing now. It hasn't had much of an impact on the shoreline so far, and the dispersants being sprayed on it appear to be helping to keep it at sea.
If the containment device BP is preparing to put over the leak in the next few days works, or if the company can activate the broken valve that would shut off the well, the costs would be comparatively minimal. Say, a billion or two.
If the leak worsens, as company officials say it could, and the oil gets caught up in Gulf currents that bring it around Florida's beaches and up the East Coast, then things get very grim. Fishing grounds and beaches would be polluted. That spikes the cleanup cost and cuts into the revenue of thousands of other businesses.
BP loses $32 billion in value on spill
"It's really bad when people start throwing around numbers," said Fadel Gheit, a senior energy analyst at Oppenheimer. "It almost paralyzes the people working on this into inaction."
Then there's the question of what percentage of the total tab BP will actually pay.
Under federal law, BP (BP) and its minority partners in the well, Anadarko (APC, Fortune 500) and Mitsui, have to cover all the cleanup costs. BP Chief Executive Tony Hayward has pledged several times to honor that commitment.
But then there are the losses to the fishing, tourism and shipping industries if the oil closes parts of the coast. These costs could easily exceed the cleanup bill.
Here, Hayward has been less clear.
"When I said 'Will you be responsible for the economic damages?' he said, 'That's something we'll have to work out in the future,'" Sen. Bill Nelson, R-Fla., said Tuesday following a meeting with Hayward.
A BP spokesman said the company would cover all "legitimate claims," but pointed out that it's just too early to tell what those are or how high they'll climb.0:00 /5:41BP oil spill lawsuit
BP's liabilities may be capped by a federal rule that limits the payouts for economic damages stemming from an oil spill to $75 million. Once the that threshold is reached, a federal fund kicks in, covering an additional $1 billion. The federal fund is paid for by a 8-cents-a-barrel tax on oil produced or imported into the Untied States.
Then again, BP may not be able to use the liability shield. Carl Nelson, a Tampa-based maritime lawyer, said the $75 million cap only applies when a company has no violations related to an accident. That rarely happens. BP will almost certainly be found to be at fault in some way for the spill.
To ward off any confusion, lawmakers in the House and Senate have introduced bills raising the liability cap from $75 million to $10 billion, an initiative they've dubbed the "Big Oil Bailout Prevention Act." Lawmakers say there's precedent for making the law retroactive: Witness the Superfund, which forced polluters to reimburse the government for toxic cleanup.
Given the public outrage over the spill, and the fact that it's an election year, the bills stands a good chance of passing.
But not everyone thinks it's a good idea. If the cap is increased, Nelson predicts that it will only raise the cost of buying insurance for all companies producing offshore oil.
"You're going to pay for that at the gas pump," he said.
Then there's the issue of which companies are at fault.
BP is the main operator, and as such must pay for the cleanup costs. Subcontractors on an oil well -- in this case, that's Halliburton (HAL, Fortune 500), Transocean (RIG) and Cameron (CAM, Fortune 500), among others -- typically obtain legal releases from the main operator. In its most recent annual filing, Transocean noted that it has "generally been able to obtain some degree of contractual indemnification" from its clients against liability for "pollution, well and environmental damages."
That might protect them from federal lawsuits or action by BP, said Nelson, but it still does not prevent them from being sued by out-of-work fisherman or hoteliers.in the sky
Are you happy???
in the sun
discuss my future
fly to parishttp://www.hrnec.info
http://www.lelezard.net/forums
http://www.hpc.ru/board
http://www.orthodox.cn/forum
http://www.denondjforums.com
Start with the costs. Estimates to clean the spill and compensate other parties for the economic damage run from $2 billion to $14 billion. One politician even said it could run into the hundreds of billions.
The truth is that no one has any idea yet.
The spill, which the Coast Guard says is still leaking oil at a rate of roughly 200,000 gallons a day, could stay near the coast of Louisiana, as it's doing now. It hasn't had much of an impact on the shoreline so far, and the dispersants being sprayed on it appear to be helping to keep it at sea.
If the containment device BP is preparing to put over the leak in the next few days works, or if the company can activate the broken valve that would shut off the well, the costs would be comparatively minimal. Say, a billion or two.
If the leak worsens, as company officials say it could, and the oil gets caught up in Gulf currents that bring it around Florida's beaches and up the East Coast, then things get very grim. Fishing grounds and beaches would be polluted. That spikes the cleanup cost and cuts into the revenue of thousands of other businesses.
BP loses $32 billion in value on spill
"It's really bad when people start throwing around numbers," said Fadel Gheit, a senior energy analyst at Oppenheimer. "It almost paralyzes the people working on this into inaction."
Then there's the question of what percentage of the total tab BP will actually pay.
Under federal law, BP (BP) and its minority partners in the well, Anadarko (APC, Fortune 500) and Mitsui, have to cover all the cleanup costs. BP Chief Executive Tony Hayward has pledged several times to honor that commitment.
But then there are the losses to the fishing, tourism and shipping industries if the oil closes parts of the coast. These costs could easily exceed the cleanup bill.
Here, Hayward has been less clear.
"When I said 'Will you be responsible for the economic damages?' he said, 'That's something we'll have to work out in the future,'" Sen. Bill Nelson, R-Fla., said Tuesday following a meeting with Hayward.
A BP spokesman said the company would cover all "legitimate claims," but pointed out that it's just too early to tell what those are or how high they'll climb.0:00 /5:41BP oil spill lawsuit
BP's liabilities may be capped by a federal rule that limits the payouts for economic damages stemming from an oil spill to $75 million. Once the that threshold is reached, a federal fund kicks in, covering an additional $1 billion. The federal fund is paid for by a 8-cents-a-barrel tax on oil produced or imported into the Untied States.
Then again, BP may not be able to use the liability shield. Carl Nelson, a Tampa-based maritime lawyer, said the $75 million cap only applies when a company has no violations related to an accident. That rarely happens. BP will almost certainly be found to be at fault in some way for the spill.
To ward off any confusion, lawmakers in the House and Senate have introduced bills raising the liability cap from $75 million to $10 billion, an initiative they've dubbed the "Big Oil Bailout Prevention Act." Lawmakers say there's precedent for making the law retroactive: Witness the Superfund, which forced polluters to reimburse the government for toxic cleanup.
Given the public outrage over the spill, and the fact that it's an election year, the bills stands a good chance of passing.
But not everyone thinks it's a good idea. If the cap is increased, Nelson predicts that it will only raise the cost of buying insurance for all companies producing offshore oil.
"You're going to pay for that at the gas pump," he said.
Then there's the issue of which companies are at fault.
BP is the main operator, and as such must pay for the cleanup costs. Subcontractors on an oil well -- in this case, that's Halliburton (HAL, Fortune 500), Transocean (RIG) and Cameron (CAM, Fortune 500), among others -- typically obtain legal releases from the main operator. In its most recent annual filing, Transocean noted that it has "generally been able to obtain some degree of contractual indemnification" from its clients against liability for "pollution, well and environmental damages."
That might protect them from federal lawsuits or action by BP, said Nelson, but it still does not prevent them from being sued by out-of-work fisherman or hoteliers.in the sky
Are you happy???
in the sun
discuss my future
fly to parishttp://www.hrnec.info
http://www.lelezard.net/forums
http://www.hpc.ru/board
http://www.orthodox.cn/forum
http://www.denondjforums.com
Subscribe to:
Posts (Atom)