Quote from William Rennick:
The oil in the Gulf will be the largest disaster in history. It will likely become far worse with estimates of 100,000 barrels a day as the colapsed pipeline fully ruptures. This is equilavent to an exxon valdez sized spill every 2 days, for at least 90 days. Throw in a little thing called the Gulf Stream and an average hurricane season and it becomes a widespread disaster ruining coastline up to the Carolinas. The Mississippi Delta traffic will come to a halt as ships will need to be scrubed before moving up river.
The biggest devastation will be to the fragile wetlands and some of the worlds most fertile fish and seafood waters. The Mississippi Flyway and Delta is the destination for hundreds of millions of migratory birds. The Gulfs beautiful beaches which is some of the worlds most valuable real estate won't be the same for years.
Lastly, offshore drilling will come under harsh scrutiny and regulation causing less supply and much higher oil prices. This is a doomsday event of biblical proportions. Having said all that I see Dow 15,000 soon...
