Effects of Bp Oil Spills in Gulf of Mexico

Topics: Petroleum, Oil spill, Exxon Valdez oil spill Pages: 2 (918 words) Published: August 27, 2013
Effects of BP Oil Spills in Gulf of Mexico
The BP oil spill was one of the most detrimental oil spills in the world. Considered the biggest fortuitous marine oil spill in petroleum industry, the deepwater horizon accident claimed 11 workers lives and injured 17 others. 5 million barrels of crude poured into the sea, the oil spill covered most of the Gulf of Mexico a seafloor oil gusher for 87 days. The accident caused a lot of damage to the marine and wildlife habitats, human health, fishing and tourism industries. (Margaret A, 2010) As the result of the incident the company profit slipped in the first quarter, bp’s stock fell by 52 per cent in 50 days. The company reported a second-quarter loss of $17 billion, Bp’s also reported drop sales off between 10 and 40 per cent due to bad image against the company which caused by oil spill disaster. BP faces 2,200 new lawsuits over the oil accident and paid over $42 billion for the oil spill disaster recovery Includes payments for tourism, seafood marketing and testing, behavioural health and contributions. (Bp.com) Though oil no longer readily visible on the surface, it is not gone. Scientists have found significant amount on the Gulf floor, and the oil that has already washed into wetlands and beaches will likely persist for years. The full extent of the impacts would not be visible for many years which make the restoration process more challenging. (Lynn Mitchell, 2010) The killing off of marine mammals because of the way food chain functions, those at the top of the chain is typically the most affected by environment pollutants, at each level of the food chain. The pollutants become more toxic therefore; large animals such as dolphins and whales will be most strongly affected. This can disrupt the ecosystem badly e.g. there could also be an overpopulation of food animals. Also because of the toxins in the oil deformities may occur in the generation of some animals in the...

References: LIST
Bp.com (2013) Claims information
http://www.bp.com/en/global/corporate/gulf-of-mexico-restoration/claims-information.html [04/06/2013]
Freudenburg, William Gramling, Robert (2010) The BP Oil Spill Disaster and the Future of Energy in America http://site.ebrary.com/lib/coventry/docDetail.action?docID=10424680 [5/06/2013]
Stephen f, and Jonathan S. (2010) Committee to Review the Federal Response to the Health Effects Associated with the Gulf of Mexico Oil Spill  http://site.ebrary.com/lib/coventry/docDetail.action?docID=10433646 [4/06/2013]
Goldman, Lynn Mitchell, Abigail Patlak, Margie (2010) Review of BP Deepwater Horizon Explosion Oil Spill effects on environmental aspects.  
http://site.ebrary.com/lib/coventry/docDetail.action?docID=10425160 [3/06/2013]
National Research council (2012) Approaches for Ecosystem Services Valuation for the Gulf of Mexico After the Deepwater Horizon Oil Spill
http://site.ebrary.com/lib/coventry/docDetail.action?docID=10554805 [04/06/2013]
McCoy, Margaret A. Salerno, Judith A. (2010) Assessing the Effects of the Gulf of Mexico Oil Spill http://site.ebrary.com/lib/coventry/docDetail.action?docID=10420225 [05/06/2013]
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