Cash In on Global Warming

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Cash In on Global Warming

siliconbeat.com

Why worry about preventing the climate crisis when you can profit from it? An online gambling site received more than 3,000 bets in three days on whether or when major U.S. landmarks will be flooded. Most are banking on Manhattan being underwater by 2011.

AP via Yahoo!:

An online gambling service has started taking bets on global warming, including whether it can submerge some of the East Coast’s top vacation spots.

The odds that Virginia’s Cape Henry will be under water by 2015—200-to-1 at BetUs.com. Its odds for Cape Hatteras flooding by the same date—300-to-1.

Don’t bet on it, says Phil Roehrs, a coastal engineer for the city of Virginia Beach. Roehrs said although sea levels are rising along the East Coast, scientists are not predicting anywhere near the levels and dates provided by the gambling service.

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TAGS: climate crisis commerce flooding gambling global warming internet manhattan new york

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By DAveKnTux, June 3, 2009 at 5:36 am Link to this comment

i get a bit despondent when people accuse others of just championing global warming so that they can cash in. Most environmentalists want to protect biodiversity rather than cash in.

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By G, April 20, 2007 at 8:46 am Link to this comment
(Unregistered commenter)

How can we be causing global warming, when a volcano erups it puts out more polution in 1/2 an hour then we do in our intire history. There is over 200 known active volcanos.

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By Mark, April 15, 2007 at 6:05 am Link to this comment
(Unregistered commenter)

Im beginning to think, we will get what we deserve.

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By DennisD, April 14, 2007 at 12:24 pm Link to this comment
(Unregistered commenter)

Bet on “carbon credits” making money for Al Gore - that’s a sure thing. So many things to worry about and so little time.

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By Tom Doff, April 13, 2007 at 8:25 pm Link to this comment
(Unregistered commenter)

Real estate is still a great investment for the future, in the event there happens to be one.

Smart money is buying mountain land. Real smart money is not trying to predict the exact level that will result in ocean-front land, with the waves lapping on you own private rock beach. Real smart money is going for anything over 2000 feet above current sea level, being fairly sure you won’t end up with the proverbial swamp land.

Remember, get a lot when you’re young! All those folks in Newport, Newport Beach, Palm Beach, the Costa Brava, etc., will be looking for new residences soon.

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