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 killling marine and land animals, plant life, and humans within a 200-mile radius of the Deepwater Horizon disaster site in the Gulf.

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.

Source: http://oilprice.com/Environment/Oil-Spills/..

The Wayne Madsen Report for OilPrice.com who focus on Fossil Fuels, Alternative Energy, Metals, Crude Oil Prices and Geopolitics To find out more visit their website at: http://www.oilprice.com

© 2010 Copyright OilPrice.com- All Rights Reserved
Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.

Comments

Kenneth Mallette Sr.
29 Jun 10, 15:02

Environmental Disaster in our Gulf of Mexico

Our lives have been so messed up by BP Oil CO. Ihope something good happens so we can get back to living cause this not knowing and I know that BP feels bad too.God save us all. Kenny

Only logged in users are allowed to post comments. Register/ Log in

The Market Oracle is a FREE Financial Markets Forecasting & Analysis web-site.
(c) 2005-2024 MarketOracle.co.uk (Market Oracle Ltd) - Market Oracle Ltd asserts copyright on all articles authored by our editorial team and all comments posted. Any and all information provided within the web-site, is for general information purposes only and Market Oracle Ltd do not warrant the accuracy, timeliness or suitability of any information provided on this site. nor is or shall be deemed to constitute, financial or any other advice or recommendation by us. and are also not meant to be investment advice or solicitation or recommendation to establish market positions. We do not give investment advice and our comments are an expression of opinion only and should not be construed in any manner whatsoever as recommendations to enter into a market position either stock, option, futures contract, bonds, commodity or any other financial instrument at any time. We recommend that independent professional advice is obtained before you make any investment or trading decisions. By using this site you agree to this sites Terms of Use. From time to time we promote or endorse certain products / services that we believe are worthy of your time and attention. In return for that endorsement and only in the cases where you purchase directly though us may we be compensated by the producers of those products.