BP Oil Spill Chait, J, (2010). Dear Leader. New Republic, 241(10), 2-2. Retrieve June 21, 2010, from Academic Search Premier. This article discusses the present oil spill in the Gulf of Mexico. The president’s has not changed the Minerals Management Service. In reality, the federal government has no agency tasked with capping undersea oil leaks. All the necessary equipment, along with the expertise for operating it, resides with the private sector. BP will likely bear the full cost of the spill; it has every incentive to deploy its equipment as aggressively as possible.
I have seen nobody even attempt to argue, in either practical or theoretical terms, that the government could do a better job of plugging the leak. Crowley, M, (2010). BP Twilight? Not Yet. Time, 175 (24), 58-59. Retrieve June 21, 2010, from Academic Search Premier. This article compares the disasters of the BP oil spill to the Three Mile Island disaster of 1979. It also takes a look at the Exxon Valdes tanker spill of 1989. Congress responded with the 1990 Oil.
Pollution Act, which assigned liability for cleanup costs to companies responsible for major spills and also required thicker oil-tanker hulls. And while the Deepwater Horizon rig exploded in a far greater body of water, it’s also much closer to densely populated areas. That’s why this spill is sure to prompt new safety, oversight and liability regulations for offshore oil drilling–and has already undercut Obama’s proposal for expanding that industry. Mimi, H. (2010, June 16). Apologetic BP pledges $20B. USA Today, Retrieved June 21, 2010, From http://www. usatoday. om/. Eight weeks after oil started gushing into the Gulf of Mexico, Svanberg issued his apology Wednesday after a lengthy White House meeting that included a one-on-one session with President Obama. BP also agreed to put another $100 million into a foundation for out-of-work oil rig workers. The $20 billion, in line with a typical one-year profit for BP, Obama said this not a cap on what BP may have to ultimate spend. Alan, L. (2010, June 17). BP’s next challenge: Disposal of tainted sludge. USA Today, Retrieved June 21, 2010, from http://www. usatoday. com/.
BP is facing a huge new challenge in disposing of the millions of gallons of potentially toxic oil sludge its crews are collecting from the Gulf of Mexico. Crews so far have skimmed and sucked up 21. 1 million gallons of oil mixed with water, according to the Deepwater Horizon Unified Command. Disposing of skimmed oil is not only difficult and expensive, but simply collecting the material has often slowed down cleanup efforts in previous spills. Trumbull, M. (2010). Pn . PAG, 1p, Gulf oil spill: why the US wants a healthy BP. Retrieved June 21, 2010, from Christian Science Monitor.
This article is about the president vow that BP will pay back for the oil spill in the gulf every penny that is owed, but make no mistake. The oil spill will cost billions of dollars over a number of years, and it’s in America’s interest that BP be healthy enough to pay those costs rather than American taxpayers. On Wednesday, Mr. Obama and other administration officials met with leaders of the company to discuss a framework for an escrow fund through which BP would pay spill-related costs. Schmit, J. (2010, June 16). Oil execs: BP didn’t meet standards. USA Today. Retrieved June 21, 2010, from http://usatoday. com/.
The article covers oil industry executives defended the safety of offshore drilling in front of Congress on Tuesday and said common industry standards weren’t deployed at the BP-owned well that’s caused the worst U. S. oil spill in history. The spill prompted the U. S. government last month to put a six-month ban on new deep-water drilling in the Gulf pending investigations into the spill. The moratorium threatens expansion plans of big oil producers and thousands of Gulf Coast jobs. Rep. Henry Waxman, D-Calif. , criticized the other companies for having oil spill response plans that are “cookie cutter” in design.
Friedman, S. (2010). BP Oil Spill A Stain On Risk Management. 114 (20), 5-5. Retrieved June 21, 2010 from Academic Search Premier. The job of a risk manager is to hope for the best, be prepared but for the worst. That means putting emergency response systems in place to cope with a worst-case scenario. The situation remains out of control and the damage substantial— environmental, economic and political. Did BP shy away from expensive loss control measures because a worst-case scenario was so unlikely? Englund, W. (2010 May 26). Oil- Slick Stars. National Journal. Retrieved June 21, 2010, from http://nationaljournal. om/about/njweekly/ This article refers to the Gulf oil spill reached its don’t-just-stand-there moment. . Every day, the White House responded with updates and briefings. The White House has belatedly gotten the message, announcing new drilling regulations and scheduling the president’s second trip to the Gulf on Friday. (2010 May 27) Spillover, New Republic. Retrieved June 21, 2010, from http://www. thenewrepublic. com IN LATE APRIL, when a deadly explosion sank the Deepwater Horizon oil rig 50 miles off the coast of Louisiana, few thought the incident could turn into one of the worst environmental disasters in U.
S. As the oil slick creeps toward the coast, it could inflict billions of dollars in damage on the local fishing and tourism industries, while putting various wildlife refuges at risk. All of a sudden, Congress is perking up. Missing from this dustup has been leadership from the White House. While various administration officials have been heard uttering words of support for the climate bill, President Obama has yet to come out fully in favor of tackling energy as his next big priority. Grieg, P. (2010 May 26). BP oil spill: harrowing escapes of Deepwater Horizon survivors.
Christian Science Monitor. Retrieved June 21, 2010 from Academic Search Premier. The article goes into great detail on the what happen on the day that oil spill happen. It talks about what happen after the first explosion and what the men went thru. It talks about there 51 minutes before the first explosion the disaster could have been avoided. Guarino, M. (2010 May 20) EPA scolds BP in Gulf oil spill: dispersant is too toxic, change it. Christian Science Monitor. Retrieved June 21, 2010 from Academic Search Premier.
The size of the spill was also called into question Thursday, when BP reported that its siphon was now collecting 5,000 barrels of oil a day. BP had previously reported that the well was leaking 5,000 barrels of oil a day, but video of the leak clearly showed significant amounts of oil still escaping into the Gulf of Mexico. To deal with the massive spill, BP has applied more than 650,000 gallons of dispersant above and below the water. That volume – and the prospect that much more will be used – led the EPA to demand its less toxic alternative.
