Environmental Disasters The Oil Spill - 1587 Words

The world has been affected by many environmental disasters, these events have impacted many of our ecosystems including the lives of many species, as well as human life. Because of past events, economists have learned from mistakes to continue to work on an improved environmental life as well as looking for solutions to improve it. The Deepwater Horizon spill, better knows as the â€Å"BP Oil Spill† was an eighty seven oil spill effecting the entire Gulf of Mexico. The oil spill which occurred in 2010 is still the largest accidental oil spill in the history of petroleum industry (CNN). Economists are still working to this day to diminish the severity of the oil spill, and the long-lasting problems that have came with it. Since then prevention became the key component solution to prevent accidental oil pollution. With over 4.2 million barrels being spilled into the Gulf, environmental disasters such as the oil spill make citizens aware of the costliness of the environment that plays hand in hand with an environmental luxury such as oil. The explosion of the Deepwater Horizon drilling rig in the Gulf of Mexico and the subsequent oil spill led us to review our marine pollution control policy and to plan ahead to stay prepared for any events that happen in the future. By doing this, oil companies will provide a correct means to strategize, compensate, and prevent oil spills and economical damage that follows. Among the public segments that were affected the most by this oil spillShow MoreRelatedThe Exxon Valdez Oil Spill1581 Words   |  7 Pagesfor dealing with environmental hazards resulting from previous resource use and environmental standards that are no longer acceptable today. Through the instances of the Exxon Valdez Oil Spill, the Kuwait Oil Fires, the Hurricane Katrina devastation and the Sydney Tar Ponds, this paper will develop an argument supporting the idea that governments should be given the responsibility to handle environmental hazards that result from the prior use of resources as well as environmental regulations thatRead MoreThe Hurricane Katrina Disaster And The Bp Oil Spill Tragedy941 Words   |  4 Pagesand sustainability market approaches to business environmental responsibilities. The paper focuses on two major occurrences; the Hurricane Katrina disaster and the BP oil spill tragedy. Hurricane Katrina entered into records as one of the worst disasters ever to hit the US, the storm is considered as the most disastrous and damaging in the US history in 2005. Well over 1800 people died in the hurricane disaster and the floods that followed the storm. Total assetsRead MoreArgumentative Essay : Bp Oil Spill1558 Words   |  7 PagesArgumentative Essay: The BP Oil Spill Phillip Staton PHI 445 Personal Organizational Ethics Prof. Gloria Zuniga y Postigo February 29, 2016 Argumentative Essay: The BP Oil Spill Introduction In 2010, BP’s Deepwater Horizon rig exploded, causing millions of barrels of crude oil to be leaked out into the Gulf of Mexico. The extensive oil spill created a lot of pollution and far-reaching effects on the tourism industry. The resultant damage to marine wildlife such as fish will continue to be feltRead MoreEthics And Social Responsibility Of A Global Company1284 Words   |  6 Pagesand responsibility. The various ethical behaviors that are exercised by MKD towards their employees include, abiding to the law. With regards to the oil spill, the employees of the company are required to take the required measures that will ensure that the damages of the oil spills are minimized, this will enable the company to adhere to environmental laws as well as prevent the occurrence of law suits and government fines. The employees of the company are also required to be responsible for theirRead MoreBp Oil Explosion in the Gulf of Mexico1412 Words   |  6 Pagesits worst oil spill disasters in the history of marine petroleum exploration. A deadly oil well blowout at Macondo Prospect, about 41 miles off the southeast coast of Louisiana, spewed huge quantities of oil for 87 long days causing major environmental and economic troubles to the Gulf region (Gulf of Mexico Oil Spill). It started with a fire and explosion, killing 11 workers, and then unleashed a slow motion disaster that spread across the 600 mile gulf coastline. The massive oil spill disruptedRead MoreThe Exxon Valdez Oil Spill1718 Words   |  7 Pagesproper response is put forth if disaster rears its ugly head. Many times, when disaster strikes, companies do not always make the appropriate response, or they do not remediate the problem efficiently enough to maximize their efforts. The Exxon Valdez oil spill in 1989 is a prime example of this. The Exxon Valdez oil spill pales in comparison only to the 2010 Deepwater Horizon oil spill. (NOAA) In 1870 John D. Rockefeller was involved in the birthing of Standard Oil Company which was then brokenRead MoreThe Media Of The Oil Spill Of 2010 From China, The United States, And Ireland1690 Words   |  7 Pagesobserved in the media analysis of the Xingang Port oil spill of 2010 through news sources from China, the United States, and Ireland. While some nuances of American news media still portray competition between the United States and China, the portrayal of the oil spill proves that both countries are working toward improving relations with each other. The relationship between China and United States previous to the spill was pretty stable in regards to oil and energy. But the United States was feelingRead MoreBritish Petroleum and Its Corporate Strategy1595 Words   |  7 PagesPetroleum (BP) adopts with specific focus on the Deep-water Horizon offshore oil spill in the Gulf of Mexico in April 2010. BP will be assessing using varied strategic theories and strategic choices will be suggested. It is commissioned for Carl-Henric Svanberg, BP s chairman. Brief Company Profile BP is the third largest energy producers in the world. The business is integrated in finding, extracting and supplying oil, gas and petroleum. BP was privatised in 1980 s and have merged withRead MoreNatural And Man Made Disasters1730 Words   |  7 Pagesbetween two different natural and man-made disasters. The disasters that will be discussed are Hurricane Katrina and the Deepwater Horizon oil spill. Additionally, this paper will look into the specifics of what constitutes a natural and man-made disaster. Specifically, this paper will look into each disaster to include the events surrounding them; the risks; and the assessments. Furthermore, this paper will look at some of the details of each disaster and why there was so much devastation. FinallyRead MoreExxon Valdez and the Recovery of Prince William Sound Essay1477 Words   |  6 Pagessouthern coast known as Prince William Sound was a disaster area. A nauseating scent of rotting carcasses and oil filtered through the air . Sea birds screamed in anguish as they fought to survive with oil drenched feathers. Under the surface billions of organisms ceased to live due to the toxicity of the inescapable wrath of the blackened water. Prince William Sound had once been a place of beauty and grace, now it was home to an environmental deathbed. The media broadcast pictures of this nearly