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This article covers the effect of the Deepwater Horizon disaster and the resulting oil spill on global and national economies and the energy industry.. Weeks after the event, and while it was still in progress, the 2010 Deepwater Horizon oil spill was being discussed as a disaster with far reaching consequences sufficient to impact global economies, marketplaces and policies.
Map of the area where fishing was affected because of the BP oil spill Sign in Orange Beach, Alabama advising against swimming due to the oil spill. The spill had a strong economic impact to BP [255] and also the Gulf Coast's economy sectors such as offshore drilling, fishing and tourism. Estimates of lost tourism dollars were projected to cost ...
The oil slick as seen from space by NASA's Terra satellite on 24 May 2010. The 2010 Deepwater Horizon oil spill in the Gulf of Mexico has been described as the worst environmental disaster in the United States, releasing about 4.9 million barrels (210 million US gal; 780,000 m 3) of crude oil making it the largest marine oil spill in history.
An oil spill represents an immediate negative effects on human health, including respiratory and reproductive problems as well as liver, and immune system damage. Oil spills causing future oil supply to decline also effects the everyday life of humans such as the potential closure of beaches, parks, fisheries and fire hazards.
The oil giant resolved more than 70 spills — including a months-long disaster of 1.2 million gallons — with a single check. The record-setting fine is a drop in the bucket given Chevron’s $2 ...
The direct economic consequences that the oil spill had on local economies are especially taxing on mental health as shown by a 2015 study. [28] Due to their location close to shorelines, many communities affected by oil spills are reliant on fishing as the main source of income.
In 2015, After the Spill, [99] Jon Bowermaster investigates how the disaster affected local economies and the health of humans, animals, and food sources, and with Corexit, where all the oil went, as a follow-up to the pre-spill SoLa, Louisiana Water Stories, in post-production when the Deepwater Horizon exploded.
An oil spill is the release of a liquid petroleum hydrocarbon into the environment, especially marine areas, due to human activity, and is a form of pollution. The term is usually applied to marine oil spills, where oil is released into the ocean or coastal waters, but spills may also occur on land.