BP Spill cost $50 Billion to deal with. Say against all reason they paid 10% of that as a deposit. Impossible. You think you would ever get the other $45 billion? haha
Since the government has decided to of its own initative to file to support the oil drilling permits, when will it be pulling the Bahamas out of the Paris Agreement and related climate accords? Clearly creating a whole new oil industry from scratch is the opposite direction of where Paris was to take the Bahamas in both letter and spirit leaving our continued participation in it dishonest, misleading and in violation of the agreement.
Cancel the agreement then. With no oil found the damages would be low, even if they could prove damages. If however, they find oil, the cost to cancel the agreement is many many times higher if it somehow went against the Bahamas in court.
The longer this goes on the much harder it will be to stop. Saw they find oil, they will want to do multiple wells, maybe even farm out parts of the license to other companies. It takes only one to leak to have a disaster on our hands. Once you start drilling you can never stop.
The plug it with concrete and apply for a production license.
Say the Bahamas determines "this is all just too risky" and "hey, maybe stopping climate change is good"
But its plugged with concrete...
Which will not last forever in the deep sea
So you find oil, and it is coming up one way or the other via drilling or a concrete crack or leak in time (lot of pressure down there)
So this is all a very bad idea and commits the Bahamas 100% to either oil disaster in time or commercial drilling if you were to find oil with no real room left for anyone to debate the wisdom of oil drilling or not. Its highly coercive to do it this way, it limits options severely once you find a deposit.
Maybe it would also be good not to oil drill and build out LNG plants that fuel the very huricanes that are devestating the nation?
And besides some say there should now be Cat6 huricanes due to climate change. If you don't stop the underlying climate change, whats next, rebuild "better" for Cat7 storms?
Giant ships chugging along burning the dirtiest of all fuels - Bunker C is incompatible with any kind of green future. Its the lowest margin, highest voulme of the dirtiest type of tourism. The cruise industry should be tossed overboard completely in any green re-imagining of tourism. One mega ship getting up to speed emits the equivalent SO2 and NOX amounts of millions of passenger cars some say. (as marine Bunker C burning is totally unregulated more or less and its the dirtiest fuel no other customers want)
Not sure why they overlooked the most viable strategy of kicking all the cruise ships out of the Bahamas (and the wider region with partner nations) and then restructuring the tourism industry as one based around hotels and land based stays instead of very low margin cruise passengers. It would seem the ease of spreading COVID on cruise ships is the ideal time to do this. Alternatively we can let cruise ships continue to grow in size and market power and squeeze out the rest of the land based hotel industry and further squeeze GDP and tourism jobs. Which approach is better for the Bahamas?
Hopefully a supply deal can be found for modern, clean solar energy and not the fossil fuel burning LNG which is rising sea levels, killing coral and threatening the planet. Hopefully the government has seen the light and will bring the Bahamas into the clean future and not a future of environmental wreckage along the lines of Trump's vision for the world. Not as if there are not plenty of providers for large scale solar power!
concerned799 says...
The Bahamian dollar will fare so well when tourism crashes to near zero when there is an oil spill and tourism arrivals reach near zero.
On Court decision over stay on oil drilling to come on Saturday
Posted 27 December 2020, 4:38 p.m. Suggest removal
concerned799 says...
BP Spill cost $50 Billion to deal with. Say against all reason they paid 10% of that as a deposit. Impossible. You think you would ever get the other $45 billion? haha
On Court decision over stay on oil drilling to come on Saturday
Posted 27 December 2020, 4:36 p.m. Suggest removal
concerned799 says...
The Bahamas faces existential loses if BPC drills and the oil inevitably spills into the ocean environment.
So well, a bit higher than 400K per day.
BP spill cost over $50 billion to deal with.
The odds BPC and/or insurers will send that to the Bahamas if need be?
If you believe that I heard the Eiffel Tower was for sale.
On BPC faces $400k extra daily costs if drilling halted
Posted 26 December 2020, 2:03 p.m. Suggest removal
concerned799 says...
Since the government has decided to of its own initative to file to support the oil drilling permits, when will it be pulling the Bahamas out of the Paris Agreement and related climate accords? Clearly creating a whole new oil industry from scratch is the opposite direction of where Paris was to take the Bahamas in both letter and spirit leaving our continued participation in it dishonest, misleading and in violation of the agreement.
On Court decision over stay on oil drilling to come on Saturday
Posted 25 December 2020, 1:44 p.m. Suggest removal
concerned799 says...
Cancel the agreement then. With no oil found the damages would be low, even if they could prove damages. If however, they find oil, the cost to cancel the agreement is many many times higher if it somehow went against the Bahamas in court.
The longer this goes on the much harder it will be to stop. Saw they find oil, they will want to do multiple wells, maybe even farm out parts of the license to other companies. It takes only one to leak to have a disaster on our hands. Once you start drilling you can never stop.
On PM 'totally against' oil drilling in Bahamian waters
Posted 12 December 2020, 10:54 p.m. Suggest removal
concerned799 says...
Lets assume they find oil.
The plug it with concrete and apply for a production license.
Say the Bahamas determines "this is all just too risky" and "hey, maybe stopping climate change is good"
But its plugged with concrete...
Which will not last forever in the deep sea
So you find oil, and it is coming up one way or the other via drilling or a concrete crack or leak in time (lot of pressure down there)
So this is all a very bad idea and commits the Bahamas 100% to either oil disaster in time or commercial drilling if you were to find oil with no real room left for anyone to debate the wisdom of oil drilling or not. Its highly coercive to do it this way, it limits options severely once you find a deposit.
On ‘Bahamas could be held liable in US for oil spill’
Posted 9 December 2020, 3:08 a.m. Suggest removal
concerned799 says...
Maybe it would also be good not to oil drill and build out LNG plants that fuel the very huricanes that are devestating the nation?
And besides some say there should now be Cat6 huricanes due to climate change. If you don't stop the underlying climate change, whats next, rebuild "better" for Cat7 storms?
On Cat 5 hurricane surge threat to 83% of tourism
Posted 8 December 2020, 2:07 p.m. Suggest removal
concerned799 says...
Giant ships chugging along burning the dirtiest of all fuels - Bunker C is incompatible with any kind of green future. Its the lowest margin, highest voulme of the dirtiest type of tourism. The cruise industry should be tossed overboard completely in any green re-imagining of tourism. One mega ship getting up to speed emits the equivalent SO2 and NOX amounts of millions of passenger cars some say. (as marine Bunker C burning is totally unregulated more or less and its the dirtiest fuel no other customers want)
On Activists want cruise rethink
Posted 3 December 2020, 9:42 p.m. Suggest removal
concerned799 says...
Not sure why they overlooked the most viable strategy of kicking all the cruise ships out of the Bahamas (and the wider region with partner nations) and then restructuring the tourism industry as one based around hotels and land based stays instead of very low margin cruise passengers. It would seem the ease of spreading COVID on cruise ships is the ideal time to do this. Alternatively we can let cruise ships continue to grow in size and market power and squeeze out the rest of the land based hotel industry and further squeeze GDP and tourism jobs. Which approach is better for the Bahamas?
On Economy cannot hit 5k annual new jobs need
Posted 29 November 2020, 5:14 p.m. Suggest removal
concerned799 says...
Hopefully a supply deal can be found for modern, clean solar energy and not the fossil fuel burning LNG which is rising sea levels, killing coral and threatening the planet. Hopefully the government has seen the light and will bring the Bahamas into the clean future and not a future of environmental wreckage along the lines of Trump's vision for the world. Not as if there are not plenty of providers for large scale solar power!
On BPL's Shell MoU hits its expiry date
Posted 21 November 2020, 12:45 a.m. Suggest removal