New Zealand Earthquake Damage Estimate
Posted by feww on July 24, 2013
Credit Suisse says the cost would be less than US$1 billion
[A billion here, 10 billion there, and pretty soon...]
[Before FIRE-EARTH using Hiroshima atom bomb as a unit of measuring destructive energy for a visualization of stress energy released by earthquakes no one else had made the comparison. Now everyone and their uncle copy the blog.]
Credit Suisse has estimated the cost of Sunday night’s quake in Cook Strait to be below US$1 billion ($1.3 billion), according to the Insurance Council of New Zealand.
[NZ may well prove to be the straw that broke the camel's bank!]
“Damage in Wellington has been limited largely to burst pipes, some internal damage to buildings and superficial structural damage. Cordons were still up in Featherston St today because of the dangers of loose masonry and glass.
“The Marlborough town of Seddon was also affected by the quake, with cracks opening up in a dam built on Starborough Creek which flows through the township about 15km away. The dam held 250,000 tonnes of water, being slowly released under an emergency action plan, and was not considered a threat to people living below.
“Out of the 2500 buildings in Wellington’s CBD, much of the area on reclaimed land, 35 were found to have external damage,” said the report.
NZ Quake Links:
On June 13, 2011, in reply to a comment posted on the blog, FIRE-EARTH said:
As if by a massive irony, your most populated cities are situated right above geological nightmares–a fact that your government scientists don’t know, or won’t tell you.
On March 4, 2011, in reply to a comment posted on the blog, FIRE-EARTH said:
Our advice to YOU and all intelligent people in Wellington area
1. There’s a frighteningly large buildup of tectonic stress energy right under your feet.
2. RUN while you’re still alive, before the next exodus bottleneck makes it impossible to flee the danger zone.
For additional FIRE-EARTH comments on NZ seismic hazards, see also
To New Zealand PM and his censorship psychos:
We haven’t started laughing yet, but it’s getting increasingly more difficult to hold back the giggles.