Most Popular
1. It’s a New Macro, the Gold Market Knows It, But Dead Men Walking Do Not (yet)- Gary_Tanashian
2.Stock Market Presidential Election Cycle Seasonal Trend Analysis - Nadeem_Walayat
3. Bitcoin S&P Pattern - Nadeem_Walayat
4.Nvidia Blow Off Top - Flying High like the Phoenix too Close to the Sun - Nadeem_Walayat
4.U.S. financial market’s “Weimar phase” impact to your fiat and digital assets - Raymond_Matison
5. How to Profit from the Global Warming ClImate Change Mega Death Trend - Part1 - Nadeem_Walayat
7.Bitcoin Gravy Train Trend Forecast 2024 - - Nadeem_Walayat
8.The Bond Trade and Interest Rates - Nadeem_Walayat
9.It’s Easy to Scream Stocks Bubble! - Stephen_McBride
10.Fed’s Next Intertest Rate Move might not align with popular consensus - Richard_Mills
Last 7 days
THEY DON'T RING THE BELL AT THE CRPTO MARKET TOP! - 20th Dec 24
CEREBUS IPO NVIDIA KILLER? - 18th Dec 24
Nvidia Stock 5X to 30X - 18th Dec 24
LRCX Stock Split - 18th Dec 24
Stock Market Expected Trend Forecast - 18th Dec 24
Silver’s Evolving Market: Bright Prospects and Lingering Challenges - 18th Dec 24
Extreme Levels of Work-for-Gold Ratio - 18th Dec 24
Tesla $460, Bitcoin $107k, S&P 6080 - The Pump Continues! - 16th Dec 24
Stock Market Risk to the Upside! S&P 7000 Forecast 2025 - 15th Dec 24
Stock Market 2025 Mid Decade Year - 15th Dec 24
Sheffield Christmas Market 2024 Is a Building Site - 15th Dec 24
Got Copper or Gold Miners? Watch Out - 15th Dec 24
Republican vs Democrat Presidents and the Stock Market - 13th Dec 24
Stock Market Up 8 Out of First 9 months - 13th Dec 24
What Does a Strong Sept Mean for the Stock Market? - 13th Dec 24
Is Trump the Most Pro-Stock Market President Ever? - 13th Dec 24
Interest Rates, Unemployment and the SPX - 13th Dec 24
Fed Balance Sheet Continues To Decline - 13th Dec 24
Trump Stocks and Crypto Mania 2025 Incoming as Bitcoin Breaks Above $100k - 8th Dec 24
Gold Price Multiple Confirmations - Are You Ready? - 8th Dec 24
Gold Price Monster Upleg Lives - 8th Dec 24
Stock & Crypto Markets Going into December 2024 - 2nd Dec 24
US Presidential Election Year Stock Market Seasonal Trend - 29th Nov 24
Who controls the past controls the future: who controls the present controls the past - 29th Nov 24
Gold After Trump Wins - 29th Nov 24
The AI Stocks, Housing, Inflation and Bitcoin Crypto Mega-trends - 27th Nov 24
Gold Price Ahead of the Thanksgiving Weekend - 27th Nov 24
Bitcoin Gravy Train Trend Forecast to June 2025 - 24th Nov 24
Stocks, Bitcoin and Crypto Markets Breaking Bad on Donald Trump Pump - 21st Nov 24
Gold Price To Re-Test $2,700 - 21st Nov 24
Stock Market Sentiment Speaks: This Is My Strong Warning To You - 21st Nov 24
Financial Crisis 2025 - This is Going to Shock People! - 21st Nov 24
Dubai Deluge - AI Tech Stocks Earnings Correction Opportunities - 18th Nov 24
Why President Trump Has NO Real Power - Deep State Military Industrial Complex - 8th Nov 24
Social Grant Increases and Serge Belamant Amid South Africa's New Political Landscape - 8th Nov 24
Is Forex Worth It? - 8th Nov 24
Nvidia Numero Uno in Count Down to President Donald Pump Election Victory - 5th Nov 24
Trump or Harris - Who Wins US Presidential Election 2024 Forecast Prediction - 5th Nov 24
Stock Market Brief in Count Down to US Election Result 2024 - 3rd Nov 24
Gold Stocks’ Winter Rally 2024 - 3rd Nov 24
Why Countdown to U.S. Recession is Underway - 3rd Nov 24
Stock Market Trend Forecast to Jan 2025 - 2nd Nov 24
President Donald PUMP Forecast to Win US Presidential Election 2024 - 1st Nov 24

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

Oily Politics Led to BP Gulf Environmental Disaster

Politics / Environmental Issues May 30, 2010 - 12:08 PM GMT

By: Walter_Brasch

Politics Gov. Bobby Jindal (R-La.) had a good idea to slow or stop the Gulf Coast oil spill from reaching shore. Build artificial barrier islands, he told the federal government. He wanted the Army Corps of Engineers to dredge the Gulf of Mexico and the Mississippi River to strengthen and connect the existing barrier islands. The $350 million plan, which Jindal demanded be paid for by BP Oil, would establish an 80–85 mile barrier, about 200 feet wide and six feet high. The barriers would also protect the marshlands, the federal wildlife preserves, and a fragile ecosystem.


When the federal government didn't respond, he threatened to have Louisiana do the job itself, and had his attorney general notify the Corps of Engineers that under the 10th Amendment the state had a right to protect itself during an emergency. After two weeks of discussion and analysis by the Corps, President Obama ordered the first of six islands to be built. Coast Guard Commandant Thad Allen, the on-scene commander, said the first island would be a prototype; if it worked, five more would be built. Jindal wants 24 islands, but believes the first six are a good start.

The oil spill, more than 200,000 gallons a day and entering its sixth week, is now the size of Delaware and Maryland combined. Eleven workers are dead, 17 are injured, from the explosion of BP's Deep Water Horizon, April 20. Several hundred thousand marine mammals, birds, fish, and reptiles have been killed by the spill. Even those oil-soaked birds and mammals that hundreds of volunteers have helped clean may be only days from death. About 34,000 Brown Pelicans, recently taken off the endangered species list, and seagulls continue to dive through the oil-soaked ocean to get to the food supply. Thousands of migratory birds, during a two to three week rest in the Gulf Coast barrier islands on their flight north from South America, are dying. Sea Turtles, manatees, and dolphins still need to come up through the oil slick for air; eye irritations are the least of the problems they encounter. For about 5,000 dolphins, this is also their birthing season; mothers who survive may have oil on their teats; their calves may die from lack of nutrition or from ingesting the oil.

The affected areas of the Gulf are also the spawning grounds for tuna, marlin, and swordfish. Even the fish, which may survive by staying below the spill, are affected by the oil. The coral reefs are being destroyed by the oil and what is needed to be done to break up that oil. More than 700,000 gallons of chemical dispersants, used to help break up the oil, add to the destruction of the balance of nature. Its toxicity may affect sea life for at least a decade.

The $2.5 billion fishing industry, a major part of the life of the Gulf, has been devastated. The National Oceanic and Atmospheric Administration has closed about 46,000 square miles of fishing fields, about one-fourth of all fishing waters in the Gulf. The lucrative shrimp, oyster, and clam industries are not only closed, but the effects will last for more than one season. Boat captains and their crews are idle. Tourism at the beginning of what is normally a lucrative summer season is almost non-existent.

Had the barrier islands been in place several years ago, the effects of the spill would have been significantly less. Erosion, combined with deep water oil drilling long before the Horizon explosion, had destroyed natural barrier islands and wetlands. A $14 billion proposal by the Corps of Engineers, supported by Louisiana, environmentalists and the oil industry to restore the area levees, wetlands, and barrier islands was rejected by President George W. Bush. Both he and Vice-President Dick Cheney, former oil company executives, were more concerned about protecting the oil industry than the people who would be affected by Big Oil. Besides, they had a war to wage in Iraq, and $14 billion was too much to spend on domestic protections.

Much of the $100 billion damage from Hurricane Katrina, a Category 3 storm, was not from the wind and rain but from the failure to provide adequate protection.

It is that same protection, those same barrier islands that were destroyed by the oil industry years ago, that would have significantly slowed or stopped the nation's worst environmental disaster, one caused not by nature but the incompetence of mankind.

"Drill, Baby, Drill" was once an in-our-face slogan of certain politicians and the oil industry that feeds them. It is now but a reminder that when mankind destroys the environment, there will be tragic consequences.

By Walter M Brasch PhD

http://www.walterbrasch.com

Copyright 2007 Walter M Brasch

Walter Brasch is a university journalism professor, syndicated columnist, and author of 17 books. His current books are America's Unpatriotic Acts , The Federal Response to Hurricane Katrina , and Sex and the Single Beer Can: Probing the Media and American Culture . All are available through amazon.com, bn.com, or other bookstores. You may contact Dr. Brasch at brasch@bloomu.edu

Walter Brasch Archive

© 2005-2022 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in