Thursday, April 29, 2010
Bolubaise and other stinky stuff
All you shrimp lovers need to hit the market asap. in a week or two you will have no alternative but to buy the overpriced scampi from the already polluted waters off Vietnam. You say you'll buy American and just have some forty weight with that shrimp cocktail? I wish you well.
Problem with trying to "clean up" this disaster is that there's only so much that can be done. I've done oil spills on the Puget Sound. I say from experience that even under the best of conditions it is no easy task and the end result is capturing about 10 to 20% of a spill. I haven't checked yet but they are reporting that this spill will make landfall in the next few days. But the real problem is that there is no way to cap this blow out. It's pumping out 5000 gallons of crude per day. My guess is that it will cost at least $500 million to get what they can. The aftermath will take years much like Prince William Sound in Alaska which to this day still remains poisoned.
In other news and other odoriferous things I see the Republicans have "their own plan" to fix Wall Street. Popped over to Think Progress and found a link to their plan or at least their outine to the process. Looked like it had been written by a college freshmen pulling an all nighter. To summarize their little plan is to basically do nothing except of course add a few more agencies tied into the SEC and FDIC. After you read everything you get the impression that they have no clue as to how the system works or should work. I've got a real good idea for you guys. For seventy years we had rules that kept everything running smoothly. How about bringing them back? That way you'd only have to do minor tweeks to the system. But we all know how this will work out. We'll get some watered down bill written by the banks and investment companies that won't do much and the game will continue until the next collapse which shouldn't be long in coming as Wall Street continues selling the crap that got us in the mess in the first place.
Correction The amount of oil spilled is 210,000 gallons per day. Not the 5000 which was the number of barrels reported. Sorry for the mistake.