BP’s OILcane: Forget the Fish – What About Destruction of Five U.S. States?
With oil expected to lay waste to their coastlines, what is going to happen to Florida, Alabama, Louisiana, Mississippi, and Texas? It is time to make a prediction on the survivability of these states.
Right now, over one third of the Gulf of Mexico is off limits to fishing. And, there is very little hope that these restrictions will be lifted in the next year. I predict it will take a generation or more before bans will be lifted. Leaching oil globs five thousand feet below the surface will act as slow-release poison killing everything in the waterways. Coastlines will
never be free of contaminants.
As you have seen with Louisiana, over 100 miles of its coastline and protected habitats have been destroyed. This will happen along the coasts of the four other states, too. Tourists will cancel their vacation plans to these areas. Why would families want to visit a seaside resort town with no beach, no fish, an oily stench in the air and oil covering the surface of the water? And, forget about national conventions bringing lifesaving revenue to these areas, no one wishes to visit death and destruction.
Every industry involved with beachfront tourism will be stressed to extinction.
There will be no more boat sales, tackle sales, ice sales, suntan lotion sales, sport fishing trips, pleasure boating or kayaking tours. Suppliers of oceanfront recreational equipment will go bust. All seaside restaurants will close leaving their employees out of work. With no jobs, anyone living in these areas holding a mortgage will file for bankruptcy.
Residents who have moved to these communities and invested their hard-earned money in beachfront real estate or waterfront service industries will begin to retreat. The elderly along the Tampa and St. Petersburg coastlines will be the first to move. Beachfront condominiums and homes will be laid to waste. With empty condominiums, there will be insufficient homeowner’s monthly fees to keep up the buildings. With the ongoing leaching and destruction of the waterways, there will be absolutely no real estate resale value. This will lead to a catastrophic decline in state real estate tax collection.
Since most of Florida is waterfront, it will take the biggest hit. Its worldwide dominance of tourism may be kept afloat by Disney theme parks, but with declining tax revenues from coastal residents, all state services will have to be reduced or eliminated. Expect a Florida State Income Tax to be imposed in 2011.
The test will be whether tourists are visiting the state of Florida for theme parks, its beaches or both. I say that it is for both and that central Florida tourism will teeter on bankruptcy.
Louisiana is suffering already and will be the first to experience the calamities mentioned above. But, with prevailing winds and a hurricane or two pushing oil and dispersant to these other coasts, expect the other states to experience the same.
With BP’s August solution sixty days away (if it works), these states better batten down the hatches, not for a hurricane, but the big one – The OILcane.
Allowing BP to continue with its "silly named" solutions to cap the well, is paramount to complicity. As Albert Einstein wrote, “The definition of insanity is doing the same thing over and over again and expecting different results.”
Remember, no matter what you are told, no amount of money will ever repair this damage. If you live in one of these five states, you are at war.