What are the environmental implications of oil spills? What legislative policies have been instituted to mitigate the possibility of future oil spills? How are oil spills cleaned up and what are the advantages and disadvantages of each method? What type of research and innovation surrounding oil spills has been done to prevent their occurrence?
In order to foster an environment for emerging technologies and higher standards of living, the United States, Canada and many other nations have increased their dependence on products derived from petroleum. Manifestations of our dependence on oil include fuel for automobiles and houses, as well as its usage for the manufacturing of pharmaceuticals and plastics. (EPA, 2012). Since the demand for oil is high, it needs to be distributed in large volumes increasing the propensity for spillage. An oil spill occurs when petroleum is inadvertently expelled into the environment. Oil spills principally occur two ways; spillage into an aquatic environment, or on land (Think Quest, 2002). Recent oil spills which have caused unprecedented damage have augmented society’s concern for the implications oil spills have on the environment and surrounding ecosystems. Oil spills are relevant to our study of environmental economics since it incorporates a lot of the course material including water pollution, toxic wastes, waste disposal, liability laws and incentives for innovation. This essay will address the environmental concerns around oil spills by answering questions surrounding the implications of oil spills, recent legislative policies implemented to prevent oil spills, how oil spills are cleaned up and recent research and innovation that has helped to decrease the likelihood of an oil spill.
Environmental Implications:
When oil is leaked, it adversely alters aquatic environments by physically harming mammals and damaging their habitat. Oil is a compound derived from hydrogen and carbon, however, the process in which
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