<Do the math The Oil Drum 4%, 11%, Who the Hell Cares?>

23 comments on Who is borrowing what from whom?

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Alari on September 6, 2005 - 1:56am Permalink | Subthread | Comments top
BTW, there's a story on Washington Post saying that cleaning up NO from the toxic waste would cost more than "the entire gross-domestic production of the United States". It also sayed that the Army Corps of Engineers plan to pump the chemically and biologically contaminated water into the Gulf of Mexico. Will they be able to get the oil and gas production back on line if the waters around the oil rigs and the LOOP are hazardous?  

Also, with the war in Iraq and tax cuts, not to mention the peak oil in the not-so-distant future, where will the government get all the money to handle the situation?

http://www.washingtonpost.com/wp-dyn/content/article/2005/08/31/AR2005083102758_pf.html

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TJ on September 6, 2005 - 6:33am Permalink | Subthread | Parent | Comments top
And if they run the reconstruction like the Iraq war, they'll need at least 50% more money than they think to allow for skimming.
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Heading Out on September 6, 2005 - 6:39am Permalink | Subthread | Parent | Comments top
Watching the news channels overnight, and from the comments that the Corps of Engineers have made I gather that at the moment the pumps will be turned on (as they are starting to be) and that the water is going straight into the canals and thus back up into Lake Pontchartrain.  In the greater scheme of things, when one of the anchors asked a Corps of Engineers guy about the Environmental aspects he was told, relatively politely, that at the moment there are more pressing concerns.
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Alari on September 6, 2005 - 6:49am Permalink | Subthread | Parent | Comments top
If they pump the stuff into the lake then who would want to live in the (New) New Orleans? I mean, a devastated city next to a liquid dump?
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23 comments on Who is borrowing what from whom?

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