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Case study gulf war oil spill

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The Deepwater Horizon oil rig that had been working on a well for BP in the Gulf exploded and went up in flames. Subsequently, massive amounts of oil spilled out into the water, threatening the marine life and those. The BP Deepwater Horizon oil spill is the most recent oil spill and in all probability the biggest catastrophic spill in the petroleum industry. The BP oil spill did not just affect the company, it affected so much more; it had such a huge impact on the birds, whales, and the costal habitats. Six years ago the Macondo oil well in the Gulf of Mexico blew out, causing an explosion. Oil leaked from the broken well.
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BP and the Gulf of Mexico Oil Spill Case Study Help - Case Solution & Analysis

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Case Study: BP and the Gulf of Mexico Oil Spill - Words | Bartleby

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1991 Gulf War Oil Spill

In the BP Oil Spill, more than million gallons of oil was spilled into the Gulf of Mexico for a total of eighty seven days, making it the biggest oil spill in United States history. The spill killed hundreds of animal, plant life and destroyed the environment. BP was penalized up to forty billion dollars in fines. Macondo was not the first oil spill accident in offshore platforms, and will not be the last either. The resulting explosions and fire led to the deaths of 11 individuals, serious physical injuries to 17 others, the evacuation of individuals from the rig, the sinking of the Deepwater Horizon well, and massive marine and coastal damage from a reported million barrels of released hydrocarbons.
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This extra money the United States would receive from lack of imported oil would allow for more improvements. Initially many people, including myself, find it absurd that anyone would want the US to start drilling. However, after reading the article written by economists, Kotchen and Burger, they made good points.
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