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23 August 2012 @ 06:47 pm
Ignoring Climate Change Will Cost Us More  
Remember that old saying, penny wise and pound foolish? Not recognizing and trying to reverse climate change will cost us (both governments and businesses) far more than doing something about it now. If we had a crystal ball it is likely we'd see that in the future, huge sections of our budgets will go to dealing with damaged and increased business costs.

Case in point: The Drought Is So Severe, You Can See Its Toll on the Mississippi From Space


Officials from the Army Corps of Engineers say that the low water levels—and attending barge traffic jams, closed ports, and closed river sections—will continue until October. The direct costs are staggering: NASA explains that a loss of just one inch of draft can require a ship to run with 17 tons less cargo. A major drought in 1988, one that set the record for water level at minus 10.7 feet, brought an estimated $1 billion in losses to the barge industry that year.

Of course the indirect costs—the lost revenue to the ports along the way, to the businesses whose shipments are delayed, not to mention the toll on the ecosystems that depend on water from the river—those costs are much, much greater.

Isn't it about time we gave up this false economy of inaction?
carmy_wcarmy_w on August 24th, 2012 03:56 pm (UTC)
Oh, they won't give up the farce until AT LEAST after the elections are over. And they won't give them up then if we get enough rain to offset the drought. Idiots.
Tapati: triangletapati on August 27th, 2012 06:44 am (UTC)
Yeah I don't think they'll give it up either. :(
Mari Adkinsmariadkins on August 24th, 2012 04:27 pm (UTC)
i read somewhere in 2003 that it takes 25 years to heal from a 5 year "moderate" drought. so it took how long to heal from the dustbowl? and here we are again. that's another thing that bothers me - you don't hear many people comparing this year to the dustbowl. ugh.
Tapati: triangletapati on August 27th, 2012 06:45 am (UTC)
A few people have mentioned the dustbowl. If it goes into next year I think more and more people will be talking about the dustbowl. And when the dustbowl hit the midwest, a lot of people went West or South.