Very Low Risk for BP Oil Spill to affect the Keys!

News and Information From the Monroe County Tourist Development Council

Oil Response Chief: Risk Now ‘Very, Very Low’ for Oil to Travel to Keys Via Loop Current;
Risk ‘Will Go to Zero Once Well is Killed’
The head of the U.S. Government's response effort to mitigate the Transocean/BP oil spill said that with the oil leak capped there is now little chance of oil remnants reaching the Florida Keys and the South Florida mainland.

And when the well is permanently sealed there will no longer be any danger of oil impacts to the region, said retired U.S. Coast Guard Admiral Thad Allen during a news briefing in New Orleans Thursday.

Allen responded to South Florida “Sun Sentinel” reporter David Fleshler’s questions regarding future threats to the Keys and South Florida:

“Once the well is killed we will have secured the source of oil in relation to the (Transocean/BP) Macando well,” Allen said. “For the past several months there has been an eddy (Eddy Franklin) that has broken off from the Loop Current between the wellhead and where the current comes north and turns towards the Straits of Florida.

“So (that) eddy has created a hydraulic barrier between the wellhead and the Loop Current, and the chances that oil will become entrained in the Loop Current are very, very low and will go to zero as we continue to control the leakage at the well with the cap and ultimately kill it,” he said.

Allen said that even with all the oil that gushed between April 20 and July 15, he does not expect significant oil remnants to reach the Keys or South Florida.

“The recent storm, tropical depression Bonnie, drove most of the oil to the northwest,” he said. “This is all moving in the opposite direction where oil would need to be to enter the Loop Current.”

Allen’s comments are being carried in a Quicktime video file on the Florida Keys website at http://www.fla-keys.com/news/news.cfm?sid=7845 or via links off the website’s home page at http://www.fla-keys.com.


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Spill-related websites, primarily focusing on affected areas, include:

http://www.restorethegulf.gov • http://www.noaa.gov

TDC website with spill-related information for Keys visitors: http://www.fla-keys.com/oilspill

Options for Homeowners on Mortgage Help- Fannie Mae

Fannie Mae unveils consumer website for borrowers
WASHINGTON – Aug. 3, 2010 – Mortgage company Fannie Mae is introducing a website to help consumers who are struggling to avoid foreclosure learn about ways to get help.

The government-controlled company on Tuesday launched http://www.knowyouroptions.com. It is designed to provide easy-to-understand definitions of mortgage industry terms and online calculators that help consumers determine whether they can qualify for a refinanced mortgage or a loan modification.

The site also describes options such as a short sale, in which the lender agrees to accept less than the total mortgage amount.

Fannie Mae executives say navigating the default and foreclosure process is often stressful and confusing for borrowers.

“We worry about the risks that borrowers will just give up and go to foreclosure,” said Jeff Hayward, a Fannie Mae senior vice president. “We don’t think that’s the right thing.”

Both Washington-based Fannie Mae and sibling company Freddie Mac have been upended by defaults and foreclosures as the housing bust has dragged on. The two companies have needed $145 billion to stay afloat since they were seized by the government in September 2008.
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