Iceland President Warns That "Significant Eruption At Katla Volcano Is Close"

Now that the Gulf of Mexico has been (presumably) plugged up, pressure in the earth's core is rising once again, and thus it may be time to refocus on the imminent explosion of Iceland's second and much larger volcano Katla. Why? Because, as MSNBC reports, the Icelandic president Ólafur Grímsson has warned governments around Europe "that a significant eruption at the volcano is close." Seeing how his credibility has not been destroyed by associating with the other Eurozone and IMF idiots, we tend to think he knows what he is talking about. Also disclosed were the findings of a paper by the University College of London which concludes that "given the high frequency of Katla activity, an eruption in the short term is a strong possibility." And just like with the GOM debacle, scientists say that the response by Europe to the first volcanic eruption has been atrocious, as none of the events that have transpired were not unexpected. Of course, when Katla blows up too, there will be terror and panic, as airlines are cut once again, and trade in Europe, already lethargic, crawls to a halt, when as usual, all this could be prevented by spending just a little extra money not on bank bail outs but on prevention measures. Of course, that would mean record European bank bonuses may be lower by a few euros. And that is simply unacceptable.

As MSNBC notes:

Earlier seismic energy release at Katla is associated with the inflation of the volcano, which indicates it is close to failure, although this does not appear to be linked to seismicity around Eyjafjallajökull," it added.

"We conclude that given the high frequency of Katla activity, an eruption in the short term is a strong possibility," the report said. "It is likely to be preceded by new earthquake activity. Presently there is no unusual seismicity under Katla."

The UCL scientists, engineers and statisticians also criticized the response to the earlier eruption.

"The impact of the eruption on regional airspace could have been predicted and better prepared for as the growing problem of aircraft-ash cloud encounters has been recognized for decades," the report added.

"Similarly, the potential for ash clouds, specifically from Icelandic volcanoes, to interfere with air traffic in UK, European and North Atlantic air-space was appreciated by the aviation industry well before the start of the Eyjafjallajökull eruption," it said.

"The response to the ash cloud’s arrival in UK and adjacent airspace was entirely reactive and therefore less effective than it should have been."

h/t Harry