Archived British Columbias 4.6m Fracking Earthquake (cleantechnica.com)
submitted ago by Distinctlyavoidtruth
Posted by: Distinctlyavoidtruth
Posting time: 5.2 years ago on
Last edit time: never edited.
Archived on: 2/12/2017 1:51:00 AM
Views: 725
SCP: 62
68 upvotes, 6 downvotes (92% upvoted it)
Archived British Columbias 4.6m Fracking Earthquake (cleantechnica.com)
submitted ago by Distinctlyavoidtruth
view the rest of the comments →
[–] Tokyofpv 0 points 5 points 5 points (+5|-0) ago
Kinda works like this. . .
How much money we making?
How much damage will we make on an x.x quake?
Will we have to pay for that damage?
Profit!!!
Fuck Yea!
[–] crashtestgenius ago (edited ago)
It doesn't, actually, because there's no way to predict the quakes. But they do optimization for the maximum amount of money. It's actually quite interesting, but kinda morbid too. A simple version of that kind of math would be the ford pinto (I think that's the name of it? The one that would explode because of where they stuck the gas tank).
[–] Tokyofpv ago
Yea, the math is pretty interesting if you don't happen to own a property that is damaged by the work.
They also do the math on things like floods, storms and so on.
A money lender will do the RA (risk assessment) to make sure they come out on top. The amazing thing is that the assessment is long reaching.
The may have data for floods in an area. They can use that data to evaluate the risk to their investment but will not disclose the data to the person taking that risk by borrowing money.
They know there is a 17% chance of a flood in the next 50 years but the mortgage will be paid in 25 so this is an acceptable risk.