Economic 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
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AP Environmental Science Deepwater Horizon Oil Spill: The BP Disaster The Deepwater Horizon oil spill in the Gulf of Mexico was one of the most infamous industrial environmental disasters ever. On April 20‚ 2010‚ a marine oil-drilling dig called the Deepwater Horizon exploded‚ releasing hundreds of millions of gallons of oil into the Gulf of Mexico. This explosion resulted in the loss of human life‚ massive environmental damage‚ and widespread damage to the livelihood of people living along the
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Deepwater Horizon Assignment On April 20th 2010 a BP licenses oil rig 50 miles off the coast of Louisiana exploded‚ killing 11 people. For three months millions of barrels of oil poured into the Gulf of Mexico killing sea life‚ altering the eco-system and affecting towns situated around the Gulf’s livelihood and quality of life. The Deepwater Horizon rig is responsible for the worst offshore oil spill in history. The corporation lost billions of dollars due to the disaster stemming for systematic
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Questions: 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
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Oil Spill Group 3 Vera Lois A. Decano Kriceal Viz B. Saldon Mia Tagle Sam John F. Luison Kathe Unabia Chayya Margaret P. Golez Dominic M. Concillo Oil Spill Introduction In the recent years there have been occurrences of oil spills in several locations within our country. Knowing that these have adverse effects on our environment and the ecosystem as a whole‚ we’ve always been in search of ways to counter this major problem. The damages we receive from an oil spill
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Thesis Poor stakeholder management led to preventable mishaps such as the disasters in Alaska and Texas. Specifically‚ BP ’s defensive approach towards stakeholder management led to lavish compensation for upper level management while creating hazardous working conditions for employees and a burden on all of society in the form of rising oil prices and environmental damage. Background British Petroleum was founded in 1908 and since then has rapidly grown to become the eighth largest company
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BP Oil Spill Background The British Petroleum Oil Spill incident is the largest in history that raises various issue environmental and ethical issues. On 20th of April 2010‚ an explosion of the drilling rig caused the oil spill close to the coast of Louisiana in the Gulf of Mexico‚ in which 11 employees were killed. It took around five months for the oil well to exert no further risk and be concealed‚ where many controversies arose throughout the period. BBC‚ 2010. Timeline: BP Oil Spill. BBC
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Assignment # 1 Stakeholder analysis on the British Petroleum oil spill disaster Stakeholder: UK and USA Government The British Petroleum (BP) oil spill in the Gulf of Mexico flowed unabated for three months in 2010. It is the largest accidental marine oil spill in the history of the petroleum industry. This event affected individuals and groups‚ know as stakeholders‚ in different ways according to the impact that the catastrophe meant to their situation. The stakeholders treated in this case are
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Three factors that influence BP oil companies operational and contingency planning include‚ unexpected oil spills. Sometimes the company may experience unexpected oil spill that will require them to change from the original plan. The second factor is natural calamities. Sometimes they cannot control things like floods‚ which can cause oil burst and affect the flow of the plan. The third factor is Man-Made calamity. These affect the plan of the company because they need to address it immediately.
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Effects to the water quality Oils consist of a complex mixture of hydrogen and carbon which is used for fuel‚ lubrication‚ plastics manufacturing‚ and many other purposes. These petroleum products get into water mainly by means of accidental spills from ships‚ tanker trucks‚ pipelines‚ and leaky underground storage tanks Petroleum products affect surface water‚ impairing water quality with hydrocarbons‚ salts‚ nutrients‚ a host of organic compounds‚ and various heavy metals. Immediately after
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