2021 is already going so much better.

I hope everyone realizes the only political or legal barrier there was to the Bahamas drilling oil was the lack of any commercial sized deposit that would lead to a profitable venture. So that is how useful the institutions of the Bahamas are on this type of an environmental issue.

The BP oil spill cost $61.6 Billion to clean up. We are further from major oil industry suppliers so our bill would probably be maybe 25-30% higher, plus inflation as these were 2010 era costs.

https://www.washingtonpost.com/business…

Insurance or not, you would have to the biggest fool in the world to think this princely sum of $61.6 Billion + 25-30% surcharge for distance and lack of local spill suppliers would ever come to the Bahamas if a spill occured.

It will never ever come.

We might as well dream of finding sunk Spanish galleons and using that to pay off such a catastrophe. At least then, in theory, you might find such a galleon in Bahamas waters and might actually collect on it.

That $10 Billion dollar national debt will get so easy to pay off if the Bahamas has no significant tourism revenue for 10 years after an oil spill won't it?

Besides any new revenue from oil will be eaten up the same way our formerly strong finances were eaten up by over spending in the years leading up to the present, leaving in the end huge debt no matter what you do on oil drilling.

Still building more fossil fuel power plants? Wow, BPL is clearly so clueless on the need to develop renewable energy.

Good to know we have unlimited time to transition to green energy, BPL is going to need all of that at this rate.

Actually climate variability is a key halmark of climate change, so you will see coldest and hottest months.

Guess we should ask all the people struggling to rebuild from Dorian if this climate change fear is all unfounded and a bunch of hype?

I think Cuba found no commercial oil offshore a few years ago.

I wonder how the Bahamas will handle its debt and employment without any tourist industry for ten years in the event of an oil spill?

And even if oil is found its highly unlikely it would even cover the increase to Bahamian debt and NIB shortfalls even if you assume a rosy scenario to oil royalties flowing in, somehow it magically all ends up where it should be and it doesn't just go out the door without anyone in the Bahamas ever seeing much of it.

Wondering if cruise lines registered in Liberia and Mongolia will have to show proof of physical presence and business in these places to keep these flags of convienance going by the end of day as well?

Queue the time clock on the next set of demands the Bahamas "must" meet to avoid blacklisting by group X in the future.... (and on it goes)

Kind of amazed no one notices that it just never ends.

Who knew indpendence could be so well independant?

100% sure if an oil company goes bankrupt mid drilling the drilling contractor would stop the drill rather than spend another 2 months and tens of millions of dollars on expenses it would never be paid for. If the drill couldn't come back up that would be a pretty horrid design flaw.

BPC is good for its shareholders, its bad for everyone else.

Turning the Bahamas into Venezuela is not in the Bahamas interest.

Oil development did so much for Venezuela and Nigeria didn't it?

No reason Bahamas couldn't be like Panama - a trading, banking and tourism powerhouse. But yeah, lets make it a mucked up Venezuela where everyone fights over oil money which inevitably declines and leaves you with an oily, rusted mess at end of the day!