Posted on 06/03/2010 8:44:27 PM PDT by TigerLikesRooster
June 3, 2010, 7:57 p.m. EDT
Spill could mean dark times for Sunshine State
Bad timing: Oil oozes closer as Florida started seeing a rebound in visitors
By William Spain, MarketWatch
CHICAGO (MarketWatch) -- Already reeling from a real-estate crisis and deep economic slump, Florida faces yet another financial cataclysm if oil from the Gulf spill mars its famous shores, scaring away crucial tourist traffic and wreaking havoc on its fisheries.
Beaches are big business in the Sunshine State. At stake there alone are hundreds of thousands of jobs and perhaps billions of dollars in revenue, depending on when and where the oil from BP PLC's (NYSE:BP) runaway well makes landfall.
Is oil destined for East Coast?
New supercomputer simulations suggest it is "very likely" that ocean currents will carry oil from the Deepwater Horizon spill in the Gulf of Mexico around Florida and up along thousands of miles of the Eastern seaboard this summer, researchers say. WSJ's Lee Hotz joins the News Hub with more.
(Excerpt) Read more at marketwatch.com ...
P!
While this is a HORRIBLE disaster, perhaps without equal in the modern age, it might give us a better understanding of the half-life (for lack of a better word) of light sweet crude in very warm waters. I wonder how long before the natural biological process of the warm Gulf waters begin to break down the oil into something unrecognizable as oil? Weeks, months, years?
If they can cap the well and stop.greatly reduce its flow, the oil will be taken care by natural forces in a surprisingly short period of time. That’s a big IF. But initially the stuff is so toxic that it is likely to produce a great kill of marine animals of every size.
Hours, Days but so long as the stuff keeps coming in such quantity there will be no end. This is in addition to the natural see page which is maybe a fourth or tenth of what this well is producing.
The irony is unbearable. If the banks adhered to the virtues they advocate I might not be siding with the homeowners here. I’m amazed by the amount of people who subscribe to the propaganda stating only “bad people” default. Nonetheless, it’s really an easy calculation when it comes to the homeowner who has a $500,000 loan on a home worth $200,000. Many are considering that if the bank won’t work with you, just stick it to the bank, strategically default and transfer the loss onto them. If they pursue a deficiency judgment, file chapter 7.
http://www.benzinga.com/10/06/311028/even-more-anecdotal-benefits-of-strategic-default
Oil eating bacteria work great in conditions like this, but a jillion environuts won’t want the genetically modified buggies to come within sight of any coast. And so coasts will be oiled for years instead of being visited by alien bacteria that do what they’re supposed to do for a few months then die off.
The economic situation is so polluted with politics.
Oil is a natural substance. The sea and the critters in it will either take advantage of the stuff or adapt and move on. There will be minimal loss of flora & fauna.
You related to Baghdad Bob by any chance?
This is a very good question and I have heard ocean experts answer both ways. The Hurricanes and warm water will break it down and also huge masses of oil will still be causing damage in 20 years.
I look for a gov. bailout, buyout and gas to be $5 per gal. soon.
One question I have for any experts on FR. What is the temperature at the bottom of the drill hole and what happens if the pressure of the oil decreases and high pressure water from the gulf starts flowing down it?
Too bad there isn’t a way to strain all that oil out of the water and salvage it somehow.
Not to make light of the impending disaster...and The One’s stupidity, but whatever happened to the cleanup process using hay to absorb the oil? Is anyone doing anything to lessen the effects?
Not to make light of the impending disaster...and The One’s stupidity, but whatever happened to the cleanup process using hay to absorb the oil? Is anyone doing anything to lessen the effects?
One more comment. Sort of makes you wonder, the south being mainly republican, if the lack of effort to stop the disaster and lessen its effect is not politically motivated.
Minor point of semantics to everyone?
Any time you hear
“Oil Spill”
be sure to correct it with
“Oil Gusher...”
A spill is knocking over a 55 gallon drum on deck and having it drain out the scuppers.
A Gusher
is what we’ve got...
Thanks for the ping.
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