Thursday, April 30, 2009

Dancing With Potential Disaster

What kind of people put up business facilities at the base of an active volcano? That's the question I found myself asking as I read this story in the course of researching the current status of Mount Redoubt in Alaska. Evidently, this oil storage facility has been there since the mid-sixties, long after the last major eruption, but it was known to be active even then, nor has it ever been considered a small thing. Three thousand years ago, an eruption of the volcano resulted in the creation of Crescent lake on the volcano's south side.

Oil companies don't seem to care. If they have to pay high insurance prices, they just pass that on to the consumer, and maybe still write it off. If they can't get insurance for facilities such as this, so much the better. If something happens, they can write that off too, in addition to having a ready-made excuse to raise prices. As for state regulators, all they see is the potential for tax revenue-or bribes to keep taxes low.

In the meantime, a major eruption of lava inundating the site could easily result in a disaster that would make the Exxon Valdez look small by comparison.

I was interested in Redoubt due to it's active status and recent eruptions so close to the last Sabbat, Oestra, and so decided to check on its status as of the approach of Beltane. I never expected to stemble across something like this.