Tuesday, April 27, 2010

Eyjafjallajokull

This word is not only difficult to pronounce but also difficult to remember. This mighty Icelandic volcano that has wrecked havoc with European air traffic will be something to be remembered for a long time, if what being predicted is correct.
There is most definitely has investment point. I learned yesterday from some hedge fund sources that scientists believe the real threat is from the relatively small Eyjafjallajokull volcano that it could trigger an eruption in its much larger neighbor, which is called Katla.

University of Iceland geologist Andy Hooper told Reuters that an eruption of Katla would make the ash cloud from Eyjafjallokull look trivial. I was told there is better than even chance that this would happen, if our planet continues to warm. At the end of the last ice age, the rate of eruption in Iceland was some 30 times higher than historic rates. This is because the reduction in the ice-load reduced the pressure in the mantle, leading to decompression melting there.

The melting ice due to changing climate, this will lead to additional magma generation, so we should expect more frequent and more voluminous eruptions in the future.

Greg Neale, who edits BBC History magazine saidt hat the Laki volcanic fissure in southern Iceland erupted from June 1783 to February 1784, spewing lava and poisonous gases that devastated the island’s crops and livestock and lead to the deaths of a quarter of the island’s population through famine. The sky turned dark across Europe and even cast a shadow over the United States that was recorded by Benjamin Franklin.
The Krakatoa eruption of 1883 in Indonesia, one of the most violent natural events in recorded history, threw up so much ash that crops were devastated as far away as the United States.

In short, volcanic eruptions can have significant effects on weather patterns for from two to four years which in turn have social and economic consequences. As such, we should keep a close eye on companies and commodities in the food complex, including raw grain and livestock prices, fertilizer producers and packaged food makers.

No comments: