Showing posts with label volcanoes. Show all posts
Showing posts with label volcanoes. Show all posts
Monday, April 19, 2010
Saturday, April 17, 2010
More on Icelandic Volcano
Heading Out is a must read on this subject tonight, with some very helpful background.
In an aside, I was on the phone to my Dad in the U.K. this morning, and I was asking if any real economic consequences have surfaced yet. It's a pretty interesting natural experiment in how dependent modern economies are on air travel - Europe has now effectively had air transport altogether withdrawn for several days with no warning.
He said so far the only visible consequence for the person in the street was that the supermarkets had run out of lettuce. I forgot to ask if there had been panic buying of lettuce :-) Of course, the airlines are losing $200m/day, and I wonder if a couple will go under if this goes on for a long time, since they weren't in great shape even before this.
Update: Wow. Guardian says 30% of UK exports travel by air, with pharmaceuticals particularly reliant. That sounds like it would start to bite pretty fast.
In an aside, I was on the phone to my Dad in the U.K. this morning, and I was asking if any real economic consequences have surfaced yet. It's a pretty interesting natural experiment in how dependent modern economies are on air travel - Europe has now effectively had air transport altogether withdrawn for several days with no warning.
He said so far the only visible consequence for the person in the street was that the supermarkets had run out of lettuce. I forgot to ask if there had been panic buying of lettuce :-) Of course, the airlines are losing $200m/day, and I wonder if a couple will go under if this goes on for a long time, since they weren't in great shape even before this.
Update: Wow. Guardian says 30% of UK exports travel by air, with pharmaceuticals particularly reliant. That sounds like it would start to bite pretty fast.
Thursday, April 15, 2010
Wednesday, April 7, 2010
Icelandic Volcanoes
Just a short note that Heading Out at Bit Tooth Energy is tracking the situation with the Icelandic volcano (here and here). Although I don't completely buy all of his analysis (in particular, he's an evil climate change denier and that keeps creeping into his writing :-), I do think he's right that there is some level of risk of a globally significant event here and it's worth keeping an eye on.
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