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Signal of the times: Malia Wollan of the AP posted a story this weekend about the growing epidemic of abandoned boats. More and more pleasure boat owners are no longer able to afford slip fees, and more and more commercial boaters are being driven out of business by the double whammy of fuel costs and a sinking economy. Just as I reported earlier about hot SUVs, the solution seems to be depo men – paying people that take your vehicle out and burn it or sink it for you.
Wollan quotes Buck Bennett, a natural resources manager in Georgia: “I’m not an economist, but when putting 500 gallons of fuel in a shrimp boat costs more than the boat is worth, that is a sad thing.” Bennett knows of over 150 scuttled boats on Georgia’s coast, and guesses that’s only a fraction of the actual count.
The credit crisis dominates the news today, but invisibly for most people. What we can see, however, is how the credit crisis is concatenating with others, especially the oil crisis of 2008, and self-exposed industries are going under. US auto industries insist on making big cars right up to the end, and now their bailout is (rightly) looking less and less likely; with hulks littering the waterways, the marine industry is effectively dead.
When hulks littered the streets in the World Without Oil game, after the Petro Razor made its cuts and people walked away from cars, boats and houses, it seemed unreal – such was our mindset in 2007. In 2008 it not only seems more real, it is really happening. Photo by sunface13 via Flickr.