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What really happened on April 20th with BP’s Deepwater Horizon explosion? – Examiner.com 2

Posted on July 27, 2010 by bp complaints

Boston Globe

What really happened on April 20th with BP's Deepwater Horizon explosion?
Examiner.com
The day BP's Deepwater Horizon exploded and rupturing the Macondo Well and spewing thousands of barrels of oil and releasing gasses into the Gulf of Mexico.
BP prepares effort to seal well for goodHouston Chronicle
Florida Deepwater Horizon Response July 26, 2010WMBB-TV
Research on gulf oil spill shouldn't take a backseat to litigationWashington Post
Christian Science Monitor –PennEnergy Petroleum Products (press release) –AFP
all 292 news articles »

deepwater horizon – Google News

Exodus of Rigs Hasn’t Happened – Wall Street Journal 0

Posted on July 21, 2010 by bp complaints

FOXNews

Exodus of Rigs Hasn't Happened
Wall Street Journal
a six-month moratorium on deepwater drilling, 31 of the 33 rigs that were operating in the Gulf when the Deepwater Horizon exploded remain there.
Drilling Moratorium Will Further Burden EconomyForbes (blog)
EDITORIAL: Obama administration keeps trying to pass moratorium, but it's Lufkin Daily News
Environmentalists and a clean-energy futureLos Angeles Times
FOXNews –Buffalo News –Sarasota Herald-Tribune
all 131 news articles »

deepwater horizon – Google News

What Happened To The Old Cody? (The Oil Spill) 25

Posted on June 02, 2010 by bp complaints

www.iamcodyweber.com

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What Happened with the Exxon Valdez Oil Spill & What Are they doing to Clean Up Their Act? 0

Posted on May 03, 2010 by bp complaints

A landmark even in Environmental Law, the Exxon Valdez oil spill resulted in drastic changes to oil regulations and new safety procedures to prevent against future oil spills. The March 1989 oil spill was one of the largest in history, resulting in over 10 million gallons of crude oil spilling into the Prime William Sound, directly impacting the entire oceanic ecosystem. The 300 meter tanker was employed to transport oil between the Alaskan Valdez pipeline for domestic US refineries, and the oil spill led to litigation which changed the shape of modern oil production.

As a result of the oil spill, over 30,000 plaintiffs were awarded punitive damages which were reduced by the Supreme Court, and the settlement finally cleared in 2008 after a decade of appeals. The lasting environmental impact left over 25,000 gallons of oil in the Alaskan Gulf, creating a challenge for modern day environmental cleanups. While the companies worked to minimize the damage with dispersants and solvents, the lasting impacts continued to be felt throughout the Prince William Sound. Environmentalists estimate that hundreds of thousands of sea-borne animals were negatively impacted, while salmon populations in the region continue to suffer from defects resulting from the oil spill.

The class action lawsuit Baker v. Exxon started in an Anchorage district court and went all the way to the Supreme Court before a final settlement was reached. In addition to punitive damages, Exxon settled with local industry and environmental groups to alleviate the impact of the oil spill. Lasting regulatory shifts included the Oil Pollution Act of 1990 that limited the precautions oil companies must take in the export trade. New ship designs were required to minimize the potential impact of the spills, while the National Transportation Safety Board implemented stricter controls over those involved in maritime navigation.

At Oilprice.Com we specialize in providing free commodity quotes you can publish on your own sites.
We have articles and information on the various energy markets and finance in general. The Valdez oil spill was a terrible disaster so our oil spill section covers the Exxon Valdez oil spill in some detail.

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