This disaster will be worse than Katrina and Rita. It is one thing that when a farmer plants crops to have his crops wiped out. It is a totally different situation to have his fields poisoned and to remain poisoned for many years to come.
Michelle is correct in that the oil industry provides for much of the economy in La. The fact that there will be some people to call for the end of offshore production would be even more catastrophic for La.
One thing is true is that BP is going to pay out the yin yang for years to come. The headlines today dealt with a new wave of tar and scum heading to the La. coast and I'm not talking about the oil spill. It is all the self serving lawyers looking to line their pockets.
I saw a clip of Imus in the morning on Fox Business where they were discussing a particular valve that is required in the deep sea oil production in the north seas of Europe. This valve allows for activation by acoustic methods from the surface and costs $500,000 a piece. Oh the US government supposedly decided that this was an unnecessary precaution and did not push for this requirement. BP studies concluded in 2009 that what is happening now could never happen and that it would be a virtual impossibility so contingency plans for this catastrophe was never planned for at all.
Someone needs to ask the question to the govt. and BP, "Do you think that the acoustic valve is worth having now?"
