As you may or may not know (or care), hurricane season is upon us! Add in a little El Nino, put in a spice of some Global Warming turning regular storms into Katrina-like, city eating storms, and it should be a fun season! NOAA (somewhere, I cannot find the link) predicts a 44% chance of a monster-sized storm this season. YAY!
But wait, you say! Is there not insane amounts of oil in the Gulf? Will that not make things incredibly interesting for hurricane season?
Why yes! It will! Fun things to think about:
* Oil and water don’t mix so the oil won’t be carried by the storm, but no one has any idea what will happen with all those chemicals being dropped into the Gulf. Will a potential storm suck it up and rain toxic chemicals down on people for hundreds of miles? We Will See!
* Storm surge and spray may spray oil miles inland. Instead of just marshes and coastline being covered in oil, towns up to 45 miles in may get coated in oil and muck. Think about that cleanup job!
* What will definitely happen is a big hurricane will churn up oil beneath the surface of the water and disperse it right into the gulf stream!
Deepwater Horizonought to be a major historical inflection point. We ought to be looking at it and going: dear God. We ought to be standing back and saying, 30 years of lax regulation and lax oversight and a hyper pro-business, pro-capitalism environment (and that is Democrats and Republicans) got us here. We should be saying, look at Greece! Look at Spain! Look at this giant Recession! Look at this mess! All this has one root. And we have no political will to say, this is the problem, governments must assert their rights over corporation rights (which are now people!) and lay down the smackdown. BP has to go. All these abusive companies and practices <i>have to go</i>.
But we won’t. Because we suck. Even when a hurricane splatters all this oil everywhere inland and into the Gulf Stream and up the East Coast.
Anyway, Yves Smith has a nice roundup of daily business/economics links about the disaster. Read and be appalled. Or not. Me, I’m just watching the weather.