When humans hoard resources and something goes wrong this is what happens. A massive amount of crude oil lurks off the gulf coast shores, threatening to hurt our already fragile economy and devastate entire ecosystems.
This is what happens when 5,000 barrels of oil pours into the ocean; turns out to be a disaster of epic proportions, and if the oil spill hasn’t been contained within the next 50 odd days it goes on to make history, becoming the biggest oil spill in U.S. history after Exxon Valdez.
Cost of Oil Spill Cleanup Is Just the Start for BP
The costs are beginning to add up for British Petroleum (BP:NYSE.ADR) as the crude oil spill reaches a crisis point in the Gulf region with no end in sight. In addition to oil spill cleanup costs, pending litigation from the states involved and the federal government is certain to affect BP for decades to come.
Infographic of the Day: The Gulf of Mexico Oil Spill Will Be Bigger Than Valdez In 40 Days
Very cool infographic with useful stats on the Gulf Oil Spill.
BP says tackling oil spill, to pay legitimate claims
Energy giant BP Plc , its reputation battered by a catastrophic oil spill threatening the U.S. Gulf shore, said on Monday it was working to stem the gushing undersea leak and promised to pay for the cleanup and compensation claims.
Gulf spill unlikely to sour Louisiana on oil
A massive oil spill off the Louisiana coast may boost opposition to offshore drilling and spur calls for tighter federal regulation, but it is unlikely to loosen the southern state’s embrace of big oil companies.
Learning to Love the Sea, Then Torn From It
Where the world runs out of road and into bayou, and all that is left beyond is the Gulf of Mexico, dozens of docked shrimp boats bob in place, restless. They should be out right now, green nets trawling for cash in crustaceans. But here they sit, their dry nets not even catching the air.