Thursday, April 29, 2010

Impacts of The Giants

On April 20th, there was an oil rig explosion of the coast of the Louisiana and Alabama.

Oil Spill’s Blow to BP’s Image May Eclipse Costs

Gulf Oil Spill Could Eclipse Exxon Valdez Disaster

The immediate damage of this accident is minimal, as only 11 people are missing and not that much crude has leaked yet. The rig, owned by BP is theorized to have experienced a blowout which somehow caused the Fire that made it collapse. Now the metallic contraption is at the bottom of the ocean spewing about 400,00 gallons of crude into the sea per day.

There have been such two recent incidents in America that have caused a great review in energy policy. First there was a huge mine explosion in Virginia that killed dozens of miners then there was this explosion of oil rig in the gulf coast.This comes just as President Obama just threw his support into offshore drilling . This was obviously a compromise due to the health-care reform for blue-dog democrats so he might not exactly have been singing "Drill baby drill", but it is interesting to see the Mr. Super O squirm as his image takes such a hit . huh. He cut his wall street reform rallying short just to visit an Ethanol plant in Missouri to try and appease the country that he really "digs" new energy.With all sorts of stories going on about how this might be a diabolical plot by the supermajor oil players, i think this topic is going to become a point of conflict in the time to come.


The long term damage of the accident is harder to gauge. Most estimates say that the clean up cost is going to be much higher than the Exxon valdez oil spill. The damage to wildlife and the enviroment is expected to be much higher with the Missisipi river delta and other sensitive costal areas with the oil slicks starting to arrive today on the last day of april.

The April 20 explosion of a BP rig killed 11 people and eventually led to the platform's sinking about 50 miles off the Louisiana coast. But now the ensuing spill threatens 445 species of fish, 45 species of mammals, 32 species of amphibians and reptiles, and 134 species of birds, the Louisiana Department of Wildlife and Fisheries told AOL News. And when the massive oil slick makes landfall in Louisiana on Friday, it will hit 10 wildlife refuges or management areas, such as the Gulf Islands National Seashore.

I went across the bay on Tuesday and i could already see a little bit of oil on the shores and discolouration of the water. I think that the politics, damage and clean up effort will end up affecting very many people on the Gulf coast. I just wish i knew where my phone was so that i could snap some pictures.

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