You will have to prove British Petroleum caused the Mississippi River to swell, and do so with documentation…
When Ken Feinberg was fending off criticisms of his methodology, he inferred the process was open to alterations should conditions in the Gulf require it so…well, in the case of the oyster business, looks like we’ll soon find out if that was true because for them, the conditions have changed.
With the swelling of the Mississippi River, no doubt many of you are aware of the Bonnet Carre spillway being opened earlier this week, done to release pressure on the levees around New Orleans. Many are also aware the resulting flooding has the potential to destroy the oyster crops…again. The past few years…between the hurricanes, British Petroleum’s spill in the Gulf and the freshwater diversion to combat the spill, all of it has seen people in the oyster business take hit after hit.
Less well known, as a result of the Hurricanes Katrina and Rita, many in the oyster business entered into a part-government, part-private insurance program so when Hurricane Gustav hit, many were able to rebuild and survive with the help of this insurance…so, more flooding on the way due to the Mississippi River and yes, that’s unfortunate but thank God there’s that insurance, right?
With the water diversion to fight the oil spill wrecking the oyster beds, the government determined they couldn’t renew the insurance program because there wouldn’t be enough of a crop. So, with the opening of the Bonnet Carre and in turn the Morganza spillway…any more damage, which in some parts will be considered total…will have to be suffered without the business saving assistance of the insurance this time…
Bill Bard says:
Don’t hold your breath waiting for Feinberg to do the right thing.