2010 Gulf of Mexico Oil Spill

Topics: Exxon Valdez oil spill, Petroleum, Oil spill Pages: 5 (1979 words) Published: September 12, 2010
2010 Gulf Of Mexico Oil Spill|
Teia Gill|
Com 150June 20, 2010Cheryl Brisbane |

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There is a tremendous amount of controversy in the news today about the recent Gulf of Mexico Oil Spill. On April 20th 2010 a catastrophic explosion aboard an oil rig in the Gulf of Mexico injured 17 people and left 11 people missing, which were later pronounced dead. There were a total of 126 people on board the working vessel that day. The remaining 98 people were taken ashore with no major injuries, according to a local coastguard. The Gulf oil spill has been declared the biggest in United States history as of May 2010. We have learned from passed oil spills, such as the 1989 Exxon Valdez oil spill, that many things will be affected by this catastrophe. Things such as, the cost of gas along with unemployment rates will soar in the upcoming months, not to mention how extremely damaging to the environment all this oil can become. People fear that the price at the pump will soon go up this summer season because of the upcoming holidays and the recent Gulf of Mexico oil spill. However, according to the recent national average price of regular unleaded gasoline is selling for eight cents less than a week ago and 12 cents down from a month ago; all in accordance with May 28th 2010 (CNN2010). It is amazing after the oil spill the price of went down $15; costing only $74 per barrel. As long as the oil price-drop stands, consumers will continue to see a drop in gasoline prices. In 1989, an oil spill known as the Exxon Valdez, leaked 11 million gallons of oil into the Alaska’s Prince William Sound.(Home to most Alaska native villages of Chenega and Tatitlek) This particular oil spill, up until recently, was classified as the worst environmental disaster of all-time in the United States. The Valdez oil spill had very little impact on the price of oil and gas. There is currently enough supply to meet the demand, thus helping to keep the prices regulated and under control. An energy analyst, Alan Lammey, said the recent Gulf oil spill will have hardly any impact on how much drivers pay for gasoline at the pumps. These low gas prices will ultimately result in an economy boost for the United States. When people are saving money on gas, they can consume other items in the economy; such as vacations, dinning out, and many more costly things.

The Gulf of Mexico oil spill has forced many people to be out of work. Fisherman of all types and tourism have been affected the most in the Gulf States because of the unstopped, massive oil leak, which has dumped at least 21,000 gallons of crude oil into the Gulf and is still flowing at a rate of still about 80 to 400 gallons a day. The National Oceanic and Atmosphere Administration (NOAA) have closed a wide area of the Gulf of Mexico from fishing. The closed area represents nearly 54,096 square miles, which that in fact is more than 22% of the Gulf’s Federal Waters (Shorelines of Alabama, eastern Florida, Louisiana, Mississippi, and Texas). This means that there is still 77% of the waters are still available for fishing. The NOAA has forbidden fishing to ensure that there are no outbreaks or poisonings happening in the waters due to the chemicals from the oil spill and the clean-up efforts. This is a good deed the NOAA is doing for the health of the people; however, is it actually helping the people who live in the Gulf States, by keeping them from work. In 2008 the Atlanta Federal Reserve, (Which is responsible for the sixth district, covering the states of Alabama, Florida, and Georgia, 74 counties in the two-thirds of Tennessee, 38 parishes of southern Louisiana and 43 counties in southern Mississippi) estimate that there are 2.8 million jobs...

References: Achenbach, J. (2010, May 5). After gulf oil spill []. Message posted to
An Economy on Pause in the Gulf. New York Times, p. 7. Retrieved from Academic Search Complete database. (2010, May 16).
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