Contacting friends and listening to both the information the media is presenting and the information that is direct from the Gulf I am making the following predictions for the next year:
1. We are going to find that more than 100,000 gallons per day have been flowing into the Gulf of Mexico from the Deep Horizon BP Oil Rig.
JUNE 13 GULF OF MEXICO OIL SPILL
2. As the oil spill foot print moves down the coast and starts dominating the environment it enters people are going to have to evacuate the area for an extended time.
3. Home owners within five miles of the beach will be forced to leave due to the overwhelming fumes and therefore will become a class action against BP, BP will be forced into bankruptcy as thousands of homeowners will seek direct and indirect costs of carrying their existing debts and cover the costs of temporary housing as well as punitive damages. This is going to be in the hundreds of billions of dollars.
4. As the spill continues down the coast of Florida the scenario above will replay itself over and over with some of the most expensive communities in America devastated.
We are looking at three or four years of clean up initially and an impact lasting fifteen to twenty years.
