Posts Tagged ‘russian academy of sciences’

Hello friends, what I have for you tonight, if it is true, is nothing short of terrifying.  The following link that I provide: http://beforeitsnews.com/story/76/057/Scientists_Warn_Gulf_Of_Mexico_Sea_Floor_Fractured_Beyond_Repair.htmldescribes    reports  Anatoly Sagalevitch from the Russian Academy of Sciences as saying that the Gulf of Mexico leak is much worse than we have been told.  In fact the report suggests that the well is not able to be capped, leaving only two options.  Option 1 let the well run dry, which could take as much as 30 years, or seal it with a nuclear bomb.  During the Soviet era the Russians on five occasions used controlled underground nuclear explosions to cap wells.  As a matter of fact, in May the Russian newspaper, Komsomoloskaya Pravda, made this very suggestion.

This is a calamity of amazing proportions if it is true!  First off imagine the outcry of even suggesting detonating a nuclear weapon so close to the shore of the United States.  The political fight over that alone should be an amazing show.  If we do this detonation, what size wave will that throw against the gulf shore?  What type of contamination will the blast inflict upon the ecosystems of the Gulf of Mexico and how long will they take to recover?  On the economic front, should the blast be called for we can call an end to oil drilling in the Gulf of Mexico, is that Saudi Arabia I hear cheering?  Considering that the report says that oil is leaking from twenty-two separate sites along the sea floor I wonder how many barrels of oil per day are actually leaking out, the count has risen from the original 1000 barrels a day to the most current estimate of  up to 40,000 barrels a day.  This spill is already the third largest of all time and if this report is true, it will quickly become the largest oil spill in the history of mankind and the worst ecological disaster the Gulf of Mexico has ever seen.

The implications are far-reaching from the impact on shrimping, oyster and fishing industries including impacting the Blue Fin Tuna fleets of the northeastern US coast as the area impacted is the birthing and raising ground of these fish.  As we enter hurricane season who on the gulf isn’t terrified that a major storm will come through and throw massive amounts of crude onto the shore and into the sensitive wetlands of Louisiana, Mississippi, Alabama and Florida.

The economic implications of this report are beyond alarming.  If we are forced to nuke this well shut, then drilling in the gulf stops and we become much more highly dependent upon foreign oil.  Oil prices will rise quickly and we will see $4 a gallon gas soon, or will it be $5, or $6 a gallon gas?  When oil prices raced past $100 a barrel and domestic gas prices above $4 a gallon our expanding economy suddenly stopped and reversed itself sending us and our financial system on a crash course with depression.  We narrowly avoided that depression and somewhat stabilized our economy, but with the European financial issues we’ve seen serious volatility in our markets.  Nuke this well in the gulf and I fear that the next great depression is a certainty.