FEMA Says Gulf Coast Disaster Could Cost Trillions

Despite President Obama’s declaration that life in the Gulf Coast will return to normal, knowledgeable insiders and experts are saying it is possible that the Gulf oil disaster …

Despite President Obama’s declaration that life in the Gulf Coast will return to normal, knowledgeable insiders and experts are saying it is possible that the Gulf oil disaster will create a dead zone. If that were to happen, it would cause the displacement and evacuation of several cities and towns within range of the disaster. The final cost for addressing the disaster could run into the trillions of dollars. See the following article from OilPrice.com for more on this.

Bad news concerning the Gulf oil disaster continues to come from WMR’s federal government sources in the Federal Emergency Management Agency (FEMA) and the US Army Corps of Engineers. Emergency planners are dealing with a prospective “dead zone” within a 200 mile radius from the Deepwater Horizon disaster datum in the Gulf.

A looming environmental and population displacement disaster is brewing in the Gulf. The oil dispersant used by BP, Corexit 9500, is seen by FEMA sources as mixing with evaporated water from the Gulf and absorbed by rain clouds producing toxic precipitation that threatens to continue killing marine and land animals, plant life, and humans within a 200-mile radius of the Deepwater Horizon disaster site in the Gulf.

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Adding to the worries of FEMA and the Corps of Engineers is the large amounts of methane that are escaping from the cavernous grotto of oil underneath the Macondo drilling area of Gulf of Mexico.

On a recent visit to the Gulf coast, President Obama vowed that the Gulf coast will “return to normal.” However, federal officials dealing with the short- and long-term impact of the oil disaster report that the “dead zone” created by a combination of methane gas and Corexit toxic rain will force the evacuation and long-term abandonment of cities and towns within the 200-mile radius of the oil volcano.

Plans are being put in place for the mandatory evacuation of New Orleans, Baton Rouge, Mandeville, Hammond, Houma, Belle Chase, Chalmette, Slidell, Biloxi, Gulfport, Pensacola, Hattiesburg, Mobile, Bay Minette, Fort Walton Beach, Panama City, Crestview, and Pascagoula.

The toxic rain from the Gulf is expected to poison fresh water reservoirs and lakes, streams, and rivers, which will also have a disastrous impact on agriculture and livestock, as well as drinking water, in the affected region.

FEMA officials also claim that the $20 billion compensation fund set aside by BP is not nearly enough to offset the costs of the disaster. The FEMA sources say the disaster will cost well in excess of $1 trillion, and likely closer to $2-3 trillion.

This article has been republished from Oilprice.com. You can also view this article at Oilprice.com, a site covering Oil, alternative Energy, Commodities,
Finance and Geopolitics.

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