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"The Long-term Economic Effects of the BP Oil Spill"

Article by: Jkalal Assar

Spencer Camp

on 8 November 2012

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Transcript of "The Long-term Economic Effects of the BP Oil Spill"

What Happened? BP Oil Spill What Were
the Costs? Financial Costs How Much Oil? How Does It Stack Up? Exxon Valdez of 1989 BP Oil Spill Gulf War Oil Spill of 1991 How Does It Effect You (Consumers)? Article #1: Article # 2 How Much $$ IN TOTAL? $1.6 Billion What Does That Look Like? $1 Million $1 Billion In $100 Bills... If you make $29,000 a year, and don’t spend a single penny of it, it will take you 34,482 years to save a billion dollars -10.8 million gallons in prince William sound
-Tarneshed Exxon’s name to this day
-Limited to the oil that was on the ship -highly criticized by govn’t and media for lack of response and acknowledgement of a
-Paid 2.5 billion toward cleanup, 1.1 billion in settlement and a 5 billion dollar fine
which was appealed later
-Unlimited by the Deepwater Horizon well
-56,000-84,000 barrels released daily from the well
-Greatest in terms of ecological damage and oil loss
-450-520 million gallons were released into the Persian Gulf Title: "Nearly Two Years On, Did the BP Oil Spill Have to Happen to BP" * Dilemma between remembering the spill and moving on

* Effects from the spill are reappearing in the Gulf

* BP has a history of unethical drilling

* Will BP change its practices for the future? "Gulf oil spill: BP engineer's idea to prevent future blowout is applauded" A methane leak, and an explosion, caused a fire aboard an offshore oil-drilling rig.
Most of the workers escaped by life raft, 11 workers died
US Coast Guard reported that there was no oil leaking.
1-100 thousand barrels were leaking per day Bible Application Lev. 25:23-24. The land is mine and you are but aliens and my tenants.
Throughout the country that you hold as a possession, you must provide for the
redemption of the land. Jer. 2:7. I brought you into a fertile land to eat its fruit and rich produce. But you came and defiled my land and you made my inheritance detestable. Isaiah 24:4-6. The earth dries up and withers, the world languished and withers, the exalted of the earth languish. The earth lies under its inhabitants; for they have transgressed the laws, violated the statutes, and broken the everlasting covenant. Therefore a curse consumes the earth; its people must bear their guilt. Ezekiel 34:17-18. As for you, my flock... Is it not enough for you to feed on good pasture? Must you also trample the rest of your pasture with your feet? Is it not enough for you to drink clear water? Must you also muddy the rest with your feet? Yay! Thank You So Much For Listening To Our Presentation!! W/ Pastor Luis Clap for him
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