Thursday, July 8, 2010
Miami Faces 80% Chance of Being Hit By BP Oil Spill
Bloomberg reported today that Miami, Ft. Lauderdale, Palm Beach and Florida Keys face an 61-80 percent chance of the BPâ€™s tar balls reaching their popular beaches and precious real estate. They face a greater probability of being effected because the black oil has entered the Gulfâ€™s Loop Current which snakes eastward and around the tip of Florida. If the nasty tar balls arrive on the billion dollar beaches of Miami, Palm Beach and Ft. Lauderdale, the real estate market and coastal Florida economy could face a catastrophe.