Deepwater Horizon oil spill July 5‚ 2010 Word count: Background: BP plc is a British-based global energy company which is the third largest energy company and it is the United Kingdom’s largest corporation the fourth largest company in the world (BP‚ Wikipedia). Its name is initials of the company’s former legal names British Petroleum. British Petroleum merged with Amoco in December
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Effects of Oil Spills & Fluctuating Gas Prices in the United States of America Strayer University Spring Semester 2010 “Every area in the country is subject to some kind of disaster - flood‚ hurricane‚ earthquake‚ to name a few. Even man-made disasters - oil spill‚ civil unrest‚ fire - can devastate the surrounding neighborhood and economy. Even though an area has never been damaged before‚ there is no guarantee that it will not happen tomorrow.” ~Carol Chastang Oil spills not only affect
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Annual Report Project Did BP responded adequately and efficiently after the Oil Spill in April 2010 TABLE OF CONTENTS Introduction p. 1 BP Oil spill characteristics p. 2 Cost Analysis of the spill p. 6 Clean-up of oil spill and recover environment p. 6 Estimation and recognition of the cost………………………………………………..p. 6 Financial highlights…………………………………………………………………….p. 7 1. Sale of Assets/ Opportunity Cost 2. Share Price Drop
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WHAT IS AN OIL SPILL? An oil spill is the discharge of a liquid petroleum hydrocarbon into the environment‚ especially marine areas‚ due to human activities‚ and is one form of pollution. An oil spill occurs when a vehicle‚ vessel‚ pipeline or drilling rig releases petroleum products into the environment uncontrollably. The first major oil spill on record happened when the Thomas W. Lawson schooner became beached in the Isles of Scilly in 1907‚ spilling 58‚000 barrels of paraffin oil into the
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Pennsylvania the first oil well was drilled (Congressional Digest 2010). The thirty-eight years following that first onshore oil well would be dedicated to searching for offshore oil resources (Congressional Digest 2010). By 1896 those who searched accomplished what they set out to do off of Summerland‚ California (Congressional Digest 2010). During 1910‚ oil was an invaluable source of energy in America (Congressional Digest 2010). The people of America came up with ways to access and gain oil quicker than
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The Gulf of Mexico Oil Spill commenced on April 20‚ 2010 and continued for next 86 days. It was devastating to the extent that it killed eleven men and seventeen people severely wounded. The total estimate of the crude oil spilled is about 4.9 million barrels. It was controlled later on but the devastating effects that last for a longtime‚ is was the contribution of the deterioration of air and water through pollutions. When the oil evaporation happens it creates very small particles called carcinogens
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The Deepwater Horizon Oil Spill was one of the worst man made disasters in recent history. Back in 2010‚ an estimated 47‚000 people and 7‚000 boats/vessels were involved in the cleanup process. “It was estimated by a government-commissioned panel of scientists that 4‚900‚000 barrels of oil had already leaked into the Gulf.” (Pallardy) An excessive amount of oil has polluted the region. The government and BP had to take action as soon as possible‚ before the spill reaches further distances. The disaster
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EXXON VALDEZ OIL SPILL Relevant Facts On March 24‚ 1989‚ there were several ruptured tanks of the Exxon Valdez that allowed approximately 11 million gallons of crude oil to pour into the Gulf of Alaska. As soon as this happened‚ it started what would be described as one of the most dreadful environmental disasters in the history of oil drilling. A few months after‚ there were enormous surges of wind and waves that caused the oil to spread further out into the shorelines of Prince
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BP: The Oil and Energy Company BP is an oil company whose roots start back in Cleveland‚ Ohio in the 1870 ’s. BP has grown from a local oil company to now being a global energy group employing over 80‚000 people and operating in over 100 countries worldwide. BP provides fuel for transportation‚ energy for heat and light‚ retail services‚ and petrochemical products for everyday items. They are all about finding oil and natural gas and have several brands that might sound familiar: BP‚ Castrol
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another explosion of an oil tank. Fish are quickly swimming away so they don’t get affected by the dangerous chemical. While this is going on an invasive species is hungry and attacking all of the hurten victims and demolishing the rest of the fishes lives. Someone needs to take control of these two disasters before they get to dominant. AND FAST!!! Oil spills are a big part of pollution in water. The oil spill of 2010 in the Gulf of Mexico is noticed as the worst oil spill in American History. Extreme
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