James48843
Well-known member
I just wish it had a different name.
How do you pronounce:
Eyjafjallajokull ???
How do you pronounce:
Eyjafjallajokull ???
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Iceland Volcano- Economic disaster?
- Thread starter James48843
- Start date
hessian
Member
Hey James,
Very glad to have someone post on this phenomenon. Tragic and ripple effects could be severe, no doubt - and what you said seems all likely.
I don't mean to take away anything, but I can't help but to also consider this type event in context of "carbon tax and trading." I recall a mini-ice age (~2/300 yrs. ago) were a result of some other similar event, I think from eastern Pacific.
It is very humbling to consider just how much damage humans might cause, vs what events such as this cause as natural cycles of the earth.
VR
Very glad to have someone post on this phenomenon. Tragic and ripple effects could be severe, no doubt - and what you said seems all likely.
I don't mean to take away anything, but I can't help but to also consider this type event in context of "carbon tax and trading." I recall a mini-ice age (~2/300 yrs. ago) were a result of some other similar event, I think from eastern Pacific.
It is very humbling to consider just how much damage humans might cause, vs what events such as this cause as natural cycles of the earth.
VR
Last edited:
James48843
Well-known member
First-a short clip of the volcano in Iceland:
Think about this for a minute: Air travel has now been effectively grounded in Europe for three days. And there is absolutely no reason to believe that it can be resumed anytime in the near future. The risk of jets encountering hazardous conditions is too great.
The airlines, of course, are going to try to disagree, and force air traffic to resume. They are losing $200 million dollars a day in lost revenue. Never mind the experience in 1989 or so, when the Boeing 747 had a four-engine flame-out caused by volcanic ash. That is exactly what the governments are concerned about now- volcanic ash harming engines and aircraft. That is why airports are closed.
It creates a mess with the economies of those countries, of course. Trade is affected- there are some things you just can't ship by boat and train, and have them arrive fresh in foreign markets. And of course business travelers too.
Now think about this- the last time this particular volcano erupted, it continued to do so for over two years.
What affect will there be on European markets, and stock markets in general, if the closed airspace continues for more than a week?
Or if they are closed more than a month ? ?
More than a year???
(p.s.- I moved to "G" fund last week. Monday could be a brutal day in the stock markets, I am thinking....)
The airlines, of course, are going to try to disagree, and force air traffic to resume. They are losing $200 million dollars a day in lost revenue. Never mind the experience in 1989 or so, when the Boeing 747 had a four-engine flame-out caused by volcanic ash. That is exactly what the governments are concerned about now- volcanic ash harming engines and aircraft. That is why airports are closed.
It creates a mess with the economies of those countries, of course. Trade is affected- there are some things you just can't ship by boat and train, and have them arrive fresh in foreign markets. And of course business travelers too.
Now think about this- the last time this particular volcano erupted, it continued to do so for over two years.
What affect will there be on European markets, and stock markets in general, if the closed airspace continues for more than a week?
Or if they are closed more than a month ? ?
More than a year???
(p.s.- I moved to "G" fund last week. Monday could be a brutal day in the stock markets, I am thinking....)