I have written before of the plans by Hess to build a liquefied natural gas (LNG) terminal in Mount Hope Bay aka My Bay, of a Protest against the scheme by boaters who landed on a sand bar called Spar Island near the site of the proposed terminal, and of one effort by a local politician Barney Frank to block the project.
It's all moot now. According to this article on boston.com, Hess has now decided to abandon the project citing "unfavorable economics". Apparently "the significant increase in natural gas production from shale resources in North America" has lowered the price so much that Hess won't be able to make enough profit by importing LNG from abroad and unloading it in "my bay."
Woo hoo. Mount Hope Bay and Spar Island are safe from this industrial development and the associated tanker traffic. To celebrate, I will be sailing in the Atlantic Coast Laser Masters this weekend under the banner of the Spar Island Laser Fleet (of which I am the only member and also honorary fleet captain.)